News.com.au 2014.01.29 21:51
THE Federal Reserve says it will cut its monthly bond purchases by an
additional $US10.0 billion ($A11.4 billion) to $US65 billion because of a
strengthening US economy.
It's doing so even though the prospect of reduced Fed stimulus and higher
US interest rates has rattled global markets.
The Fed also reaffirmed its plan to keep short-term rates at record lows in
a statement issued after Ben Bernanke's final policy meeting.
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