Fed Presses Forward With Bond Buying, Cites Uptick In Inflation

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Fed Presses Forward With Bond Buying, Cites Uptick In Inflation

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Fed Presses Forward With Bond Buying, Cites Uptick In Inflation

by Wochit 0:41 mins

Fed Presses Forward With Bond Buying, Cites Uptick In Inflation

by Wochit 0:41 mins

The Federal Reserve pressed ahead Wednesday with its plan to wind down its bond-buying stimulus and upgraded its assessment of the U.S. economy, while reaffirming it is in no rush to raise interest rates. The central bank cut its monthly asset purchases to $25 billion from $35 billion, leaving it on course to shutter the program this fall.

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