September 19: Fed's surprise move could extend low lending rates (The News Tribune)

September 19, 2013

WASHINGTON — The Federal Reserve’s surprise decision Wednesday to maintain a controversial bond-buying program keeping interest rates low to prop up the U.S. economy sparked a Wall Street rally. It also served notice that partisan politics and rising mortgage rates threaten an anemic recovery.

Wall Street had expected the Fed to signal its confidence in the economy and begin tapering off its purchases of $85 billion a month in government and mortgage bonds, which has helped keep interest rates at record lows.