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Feds Slows Stimulus to Economy

Feds Slows Stimulus to Economy

The Federal Reserve is easing back its economic stimulus measures.  

At their final meeting of the year, Fed policy makers announced the bank will reduce its monthly purchases of bonds by $10 billion to $75 billion.  

Stocks spiked on the news. The Fed also announced that it will keep the key federal funds rate at zero to a quarter percent. It said improving economic activity and labor market conditions show a strengthening broader economy.

 

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