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Tuesday, January 21, 2014

Fed could cut bond-buying even further - WSJ.

The Fed could reduce its monthly bond purchases to $65B from $75B at a FOMC meeting next week, the WSJ's reports. The move would come after the Fed cut $10B from the program in December and despite a weak jobs report last month, with policy makers still bullish about the U.S.'s economic prospects. The report has helped the yen weaken against the dollar, which has in turn contributed to a rise in Japanese stocks.

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