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Fed ends bond-buying, leaves guidance on rates unchanged
The Washington Post: The Federal Reserve voted Wednesday to stop pumping money into the recovery, a key milestone in the central bank’s long campaign to bring down joblessness and grow the U.S. economy
In an official statement, the Fed said that the economy is expanding at a “moderate” pace and described recent gains in hiring as “strong.” In addition, the central bank said that alternative measures of weakness in the job market are improving.
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