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Fed Maintains Interest Rates, Suggests Tapering Of $120B In Monthly Asset Purchases Could Happen ‘Soon’

Fed Maintains Interest Rates, Suggests Tapering Of $120B In Monthly Asset Purchases Could Happen 'Soon'

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The Federal Reserve maintained its target fed funds rate range of between zero and 0.25%. The Fed also said it may soon begin tapering its monthly asset purchases “If progress continues broadly as expected, the Committee judges that a moderation in the pace of asset purchases may soon be warranted,” the Fed said Wednesday in a statement.

...read full article on Benzinga

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