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Fed flags October end to bond buying

More hawkish tone prompts traders to switch out of Treasury bonds into dollars

Ms Yellen: She says most Fed members now expect to hike rates some time in 2015. - PHOTO: BLOOMBERG

FOR the Federal Reserve, this was the point of no return: an extraordinary half-decade of stimulus and rate cuts has almost certainly come to an end.

In her latest policy statement and press conference, Janet Yellen, the chairwoman of the central bank, said the Fed's monetary stimulus...

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