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Fed indicates that taper is unlikely in 2013
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Thursday, December 12, 2013
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Federal Reserve officials have indicated that they are unlikely to begin to cut back, or taper, their bond-buying practices until next year, The New York Times has reported.
The Fed’s bond purchases are meant to act as a stimulus to the economy as a whole, but also play a major role in minimizing mortgage rates.
Even though most experts already expected the Fed to wait to taper until 2014, recent statements from Fed officials have made it apparent that a taper is unlikely for this year.
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