Fwd: Taper

'Fed Pares Bond Buying by $10 Billion per month


After months of intense discussion at the Fed and in financial markets, the Fed's policy-making committee said in a statement Wednesday that, beginning in January, it would trim its purchases of long-term Treasury bonds to $40 billion per month from $45 billion, and cut its purchases of mortgage-backed securities to $35 billion per month from $40 billion. However, the pace of bond purchases is "not on a preset course," the Fed's statement said.'




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