Economy

Dimmer view of economy makes Fed pullback unlikely

By Martin Crutsinger
Published October 29, 2013 5:54pm ET
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Dimmer view of economy makes Fed pullback unlikely
FILE - This March 27, 2009 file photo, shows the Federal Reserve Building on Constitution Avenue in Washington. After a 16-day partial government shutdown and a batch of tepid economic data, no one thinks the Fed is ready to reduce its stimulus when it meets Tuesday and Wednesday, Oct. 29-30, 2013. Many analysts now predict it will maintain the pace of the bond purchases into next year. (AP Photo/J. Scott Applewhite, File) | J. Scott Applewhite

WASHINGTON (AP) — A lot can change in six weeks.

When the Federal Reserve last met in mid-September, almost everyone expected it to start reducing the stimulus it’s given the U.S. economy to help it rebound from the Great Recession.

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