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With the Fed cutting rates for the first time since the financial crisis, there are a lot of monetary policy moves to monitor. You can count on "Fed Watch" to bring you all the latest updates on the economic data shaping central bank policies.
With the Fed cutting rates for the first time since the financial crisis, there are a lot of monetary policy moves to monitor. You can count on "Fed Watch" to bring you all the latest updates on the economic data shaping central bank policies.

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Fed Announces Tapering of Crisis-Era Bond Buying

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In a much-anticipated announcement, the Fed laid out the pace and amount of tapering of its crisis era bond-buying program of $120 billion each month. According to the FOMC statement, the Fed will take $10 billion of Treasuries and $5 billion of agency mortgage-backed securities off the table in November and then again in December. Chair Powell said the Fed does see "higher inflation persisting," but reiterated that we are not at liftoff yet and the central bank is not quite ready to raise rates because the labor market still needs to make more progress.