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Fed Unlikely to Trim Bond Buying in October

Wall Street Journal (10/18/13) Jon Hilsenrath; Michael S. Derby

The government shutdown may have delayed when the U.S. Federal Reserve will start scaling back its $85 billion-a-month bond-buying program. The Fed is unlikely to start curtailing its bond buying at its next policy meeting Oct. 29-30. Fed officials have said the decision depends on how the economic data evolve, but the data will not be very illuminating into November because the partial government shutdown closed the agencies that collect them.