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Economic Momentum Inspires Fed to Taper Quantitative Easing; Treasurys Edge Higher but Few Ripples Expected

December 19, 2013 Reiterating the positive economic news of recent weeks, the Fed announced plans to taper its quantitative easing (QE) program in January. This will be the central bank’s first step toward withdrawing its unprecedented support for the U.S. economy. The token reduction in bond and securities purchases follows a series of positive reports […]