US Fed won't change rates now, to end bond-buying

The US Federal Reserve on Wednesday announced it would end its bond-buying scheme in October, but will leave the interest where it is now, near zero, for “considerable time”.

The US Federal Reserve on Wednesday announced it would end its bond-buying scheme in October, but will leave the interest where it is now, near zero, for “considerable time”.

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The Fed will buy $15 billion worth of treasury and mortgage bonds in October, and then may end the scheme, which has been its chief weapon against the economic crisis starting 2008.

But because the economy was nearly not as robust as the Fed would have liked it to be, a decision on interest rate increase has been posted indefinitely in the future.

These announcements were made Wednesday at the end of a two-day meeting of the Fed's top officials.