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Fed will cut bond purchases by $10B in January
That is a good sign. I hope the market reacts well. I hope they cut more.
The Federal Reserve said Wednesday it will modestly pare back its extraordinary easy-money program, citing recent momentum in the economy and job market.
It marks the first big step toward unwinding the massive stimulus the Fed has pumped into the economy since the 2008 financial crisis and Great Recession.
That is a good sign. I hope the market reacts well. I hope they cut more.
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