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December 18, 2013 | 1922 GMT
The
U.S. Federal Reserve announced Dec. 18 that it would reduce its monthly
asset purchase program by $10 billion, according a press release on its
website. Beginning in January 2014, the Federal Open Market Committee
will add to its holdings of agency mortgage-backed securities by $35
billion per month, instead of $40 billion per month, and will add to its
holdings of longer-term Treasury securities at a pace of $40 billion per
month instead of $45 billion per month.
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