Fed stays course on bond buying

 
 
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Wednesday October 30 2013
 
 
Breaking news
 
Fed stays course on bond buying
 
The US Federal Reserve said the world's largest economy is still expanding at a moderate pace in a statement that suggests a slowing of asset purchases in December or January is still under consideration.

The rate-setting Federal Open Market Committee made no changes to policy at its October meeting, keeping its asset purchases steady at $85bn a month, but the statement implied it does not see a lot of damage from a three-week government shutdown earlier this month.
 
 
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