U.S. Fed To Maintain Asset Purchases At $85 Billion Per Month: Financials Daily - 19 September 2013

US Equities: U.S. equities rallied yesterday as the U.S. Federal Reserve maintained its quantitative easing programme of $85 billion per month which had helped the rally in Wall Street of more than 20 percent this year. Upon the announcement of the Fed maintaining of asset purchases, Dow Jones Industrial Average and S&P 500 rallied to all-time highs. The market was pleasantly surprised as speculation was that the Fed would reduce monetary stimulus by $10 billion per month. However, this also brought about concerns that the U.S. economy may not be recovering as well as thought to be.