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Fed to stick with stimulus reduction despite sell-off
Money being pumped into recovery will be cut from Jan's US$75b to US$65b in Feb
Add BT as a preferred sourcePublished Thu, Jan 30, 2014 · 10:00 PM
Washington
THE Federal Reserve on Wednesday said it will continue to scale back its support for the nation's economy despite recent turmoil in global markets that has reverberated across US indexes.
The central bank will reduce the amount of money it is pumping into the recovery from US$75 billion this month to US$65 billion in February.
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