By and  on September 18, 2013

Wall Street rose to a new all-time high today after the Federal Reserve surprised investors and said it would not cut its bond-buying program, which helps support the economic recovery with lower interest rates.

The Fed, led by chairman Ben S. Bernanke, was widely expected to pull back on its $85 billion a month program to buy mortgage-backed securities and Treasury debt. The pause is good news for investors, who love low interest rates, but also a sign that the economy is not as strong as recently hoped.

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