US+Federal+Reserve+pulls+back+on+stimulus+effort
Thursday, 19 December 2013 - 17:40
US Federal Reserve pulls back on stimulus effort
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The US Federal Reserve has announced a slowdown in its effort to boost the US economy.

The central bank said it planned to scale back its 85 billion dollars a month bond buying programme by 10 billion dollars a month.

Stimulus of this kind is designed to lower interest rates and boost economic activity.

The Fed's governing committee cited stronger job growth as a reason for the decision to begin winding down its programme of bond buying.
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