Federal Reserve Ends Stimulus

The Federal Reserve said Wednesday that it will end its most recent bond-buying campaign at the end of the month because the economy is showing enough signs of improvement. The bond-buying program began in response to Great Recession in 2008, and the campaign appears to have fulfilled its stimulative purposes. “There has been a substantial improvement in the outlook for the labor market since the inception of its current asset purchase program,” the Federal Reserve said in a statement, adding that there are now signs of “sufficient underlying strength in the broader economy.”