Fed to slow bond buying by year's end
WASHINGTON- The Federal Reserve seems divided on the timing, but indicates it will slow its bond buying by the end of the year if the economy continues to improve. That's the message from the minutes of the Fed's July meeting released on Wednesday. Some policy makers wanted more data before they make a decision to scale back the bond buying but others indicated it "might soon be time." Buying bonds has helped keep long-term interest rates near record lows. Since the July meeting, some policymakers have suggested the Fed could slow the bond buying by September, since that's when updated reports on employment and economic growth are issued.
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