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Bankrate Incorporated
Budget stalemate could end talk of the Fed tapering its stimulus
Budget stalemate could end talk of the Fed tapering its stimulus

WASHINGTON — The Federal Reserve appeared poised a few weeks ago to start pulling back on its unprecedented support for the economy, but surprisingly stopped short out of fear the recovery still was too fragile. That was before the budget stalemate boiled over in Washington. Now, with the federal government partially shut down and a looming debt-limit deadline threatening financial market chaos, analysts said it's highly unlikely that Fed policymakers will reduce their stimulus efforts when they meet at the end of this month. --------------------FOR THE RECORD:Government shutdown: In the Oct. 10 Business section, an article about the federal government shutdown said that Labor...

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