HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)

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Message: Fed cuts bond-buying program to $75 billion
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Dec. 18, 2013, 2:01 p.m. EST

Fed cuts bond-buying program to $75 billion

By Jeffry Bartash

WASHINGTON (MarketWatch) - The Federal Reserve on Wednesday voted to cut $10 billion a month from its $85 billion bond-buying program, starting in January. Yet the central bank also indicated it will keep the key fed funds interest rate near zero "well past the time that the unemployment rate declines below 6.5%. The reduction will be split between mortgage-back securities and Treasurys. The Fed will trim mortgage purchase by $5 billion to $35 billion a month and Treasurys by $5 billion to $40 billion a month. The Fed vote was 9 to 1, with Boston Federal Reserve chief Eric Rosengren dissenting. He called the move "premature."

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Fed tapers bond-buying program by $10 billion

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