Bonds Purchase

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US housing, jobs data weaken, but overall economic picture still upbeat
Economy

US housing, jobs data weaken, but overall economic picture still upbeat

The reports on Thursday came a day after the Federal Reserve gave the economy a vote of confidence by announcing that it would reduce its monthly $85 billion bond buying program by $10 billion starting in January.

Bernanke bids farewell with Fed taper, reduces bond buying to $75bn/month
Business

Bernanke bids farewell with Fed taper, reduces bond buying to $75bn/month

Below are highlights from Federal Reserve Chairman Ben Bernanke's news conference following the Fed's policy announcement on Wednesday that the central bank would begin to trim its aggressive bond buying program.