Stocks retreated from record highs after the Fed said the US economy still needs help. The central bank will continue buying $85 billion in bonds each month and hold its short-term interest rate near zero to keep borrowing costs low and encourage hiring and investment. The announcement was mostly expected by investors. ‘We’re looking at March of next year, at the earliest’ before the Fed will start to pull back, predicted Dean Junkans, at Wells Fargo Private Bank. Despite the decline, October has been a big month for stocks. With two trading days left, the S&P 500 is up 4.9%, putting the index on track for its best month since July.