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FED tapers monthly bond purchase buy USD 10 B, rate unchanged
The Federal Reserve on Wednesday left its key benchmark lending target, the fed funds rate, unchanged at 0.0-0.25%
but said it was trimming its USD85 billion monthly asset-purchasing programby USD10 billion. "Labor market conditions have shown further improvement; the unemployment rate has declined but remains elevated. Household spending and business fixed investment advanced, while the recovery in the housing sector slowed somewhat in recent months," the Fed said in a statement.
Special call of the day -->Sell gold below 28650 TGT 28550/400 sl 29700
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