Fed cuts $US10b from stimulus program (7)

News.com.au 2014.01.29 21:51
AAP 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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