Fed to slow pace of monthly bond purchases by another $10B despite turmoil in emerging markets

  • by: MARTIN CRUTSINGER , Associated Press
  • Updated: January 29, 2014 - 4:50 PM

WASHINGTON — Given the U.S. economy's growing strength, the Federal Reserve pushed ahead Wednesday with a plan to shrink its bond-buying program, even though the prospect of reduced stimulus and higher interest rates has rattled global markets.

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