Fed decision on pace of bond purchases is awaited

By Martin Crutsinger

Published December 18, 2013 1:05pm ET

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Fed decision on pace of bond purchases is awaited — FILE - In this Feb. 26, 2013 file photo, Federal Reserve Board Chairman Ben Bernanke testifies before the Senate Banking Committee hearing on Capitol Hill in Washington. Most economists think the Fed, after meeting this week, will maintain the pace of its monthly bond purchases to keep long-term loan rates low to spur spending and growth. (AP Photo/Carolyn Kaster, File) | Carolyn Kaster

WASHINGTON (AP) — Investors are waiting to see whether one of Ben Bernanke’s final acts as chairman of the Federal Reserve will be to announce a pullback in the Fed’s bond purchases. The purchases have been intended to keep long-term loan rates low to spur economic growth.

It’s a close call.

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