General Comments The Fed's FOMC closed its regular two-day October meeting without changing any of its policy initiatives or adding any new ones. This includes leaving its interest rate near zero indefinitely and giving the U.S. economy a monthly dose of QE3 mortgage bond buying in an effort to keep the already historically low interest rates historically low and to pump money into the economy. The Fed noted that the economy is growing moderately but not enough to produce the volume of jobs needed to reduce unemployment. The Fed also noted a slight increase in consumer spending and some signs that the housing sector is improving. However, it pointed to a slowdown in business investment. It said inflation had risen slightly due to energy...

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