Fed trims by another $10bn

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Washington - The US Federal Reserve yesterday announced a further $10 billion (R112bn) reduction in its monthly bond purchases to $65bn in February. Chairman Ben Bernanke adjourned his last policy-setting meeting before handing over to Janet Yellen without making any changes to the bank’s other main policy plank: its longer-term plan to keep interest rates low for some time to come. – Reuters

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