Fed QE Taper Likely in Coming Months on Data, Minutes Say
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Federal Reserve officials signaled they may taper their $85 billion in monthly bond buying “in coming months” if the economy improves as anticipated.
Policy makers “generally expected that the data would prove consistent with the committee’s outlook for ongoing improvement in labor market conditions and would thus warrant trimming the pace of purchases in coming months,” according to the record of the Federal Open Market Committee’s Oct. 29-30 gathering, released yesterday in Washington.