Fed tapers another $10 billion as US growth rebounds
Starting in July, bank will buy $35bn of extra assets each month
US growth "rebounded in recent months" following a weak first quarter, the Federal Reserve noted yesterday, as it held interest rates and continued its taper of additional asset purchases from $45 billion to $35 billion per month.
"Beginning in July, the [Federal Open Market] Committee (FOMC) will add to its holdings of agency mortgage-backed securities at a pace of $15 billion per month rather than $20 billion per month, and will add to its holdings of longer-term Treasury securities at a pace
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