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The Federal Reserve did what it said it would do in January

from Seeking Alpha

Officials at the Federal Reserve said in December that the Fed would begin to "taper" its purchases of securities in January. The Fed did as the officials said it would. From Jan. 1 to Jan. 29 the Federal Reserve showed a net increase in its holdings of securities by $74.1 billion. In December Fed officials said that it would purchase only $75.0 billion in securities in January, down from its target amount of purchases in all of 2013 of $85.0 billion per month. more

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