News Summary: Fed may provide more help

3:11 PM, Sep 22, 2012   |    comments
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BOND BUYING: In a series of speeches, Fed officials expressed support for the central bank's decision to launch a third round of bond buying, purchasing $40 billion a month in mortgage bonds to push long-term interest rates down.

PROSPECTS: Economists believe Fed officials will leave policy unchanged at their next meeting on Oct. 23-24. Some think the Fed could increase the bond purchase program at its December meeting if the economy doesn't improve.

(Copyright 2012 by The Associated Press. All Rights Reserved.)