While you were sleeping Fed to taper in 2013

Wed, 09 Oct 2013

By Margreet Dietz Oct. 10 (BusinessDesk) - US stocks held on to earlier gains as minutes from the latest US Federal Reserve meeting showed that most policy makers believe the central bank should start tapering its bond-buying program before the end of the year. Meanwhile, President Barack Obama was set to nominate Janet Yellen, currently vice chairman of the Fed, to succeed Ben Bernanke early next year, providing comfort that US monetary policy will stay on its accommodative course. Obama is expected to announce the nomination of Yellen tod...

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