Business

Fed to reduce pace of bond buying by another $10B

By Martin Crutsinger
Published January 29, 2014 10:45pm ET
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Fed to reduce pace of bond buying by another $10B
FILE - In this Wednesday, April 25, 2012, file photo, Federal Reserve Chairman Ben Bernanke arrives for a news conference at the Federal Reserve in Washington. The tumultuous Ben Bernanke era at the Federal Reserve moves toward its close with the final policy meeting of his eight-year tenure scheduled for the last week of January 2014. (AP Photo/Susan Walsh, File) | Susan Walsh

WASHINGTON (AP) — Given the U.S. economy’s growing strength, the Federal Reserve pushed ahead Wednesday with a plan to shrink its bond-buying program, even though the prospect of reduced stimulus and higher interest rates has rattled global markets.

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Federal Reserve Stocks and Bonds