Latest Business News: Fed Could Taper in September but Doesn't Have to

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Latest Business News: Fed Could Taper in September but Doesn't Have to

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Latest Business News: Fed Could Taper in September but Doesn't Have to

by Wochit 0:45 mins

Latest Business News: Fed Could Taper in September but Doesn't Have to

by Wochit 0:45 mins

Atlanta Fed President Dennis Lockhart said the Federal Reserve could begin reducing the size of its bond-buying stimulus program as early as September but might wait longer if economic growth fails to pick up in the second half of the year. Stocks slid as investors awaited further clues as to whether the U.S. Federal Reserve will start reducing its monetary stimulus as soon as next month. Apple didn't release a new iPad in the first half of the year, as it usually does, and guess what happened? Sales of tablets worldwide took a dip.

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