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Fed Cuts Bond Buys, Sees Growth Pickup

Wall Street Journal (04/30/14) Victoria McGrane; Jon Hilsenrath

Following the two-day meeting of the Federal Open Market Committee, the U.S. Federal Reserve says it will reduce its bond purchases to $45 billion per month and that economic growth is starting to pick up after the harsh winter. The Fed also will maintain its guidance on short-term interest rates, which will remain near zero for a “considerable time” after the bond buying program ends later this year.