Federal Reserve Expected To Reduce Stimulus

Federal Reserve Expected To Reduce Stimulus
(Washington, DC) -- The Federal Reserve is expected announce additional steps to reduce its stimulus buying practices. The Fed is expected to trim its monthly purchases of Treasuries and mortgage-backed securities by five-billion dollars each. The move would bring the Fed's monthly total to 55-billion as it continues to wind down spending. Many analysts, though, are still uncertain over what the Fed will do with interest rates in the long term, and will be watching today as new Federal Reserve Chair Janet Yellen holds her first post-policy meeting news conference.