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Federal Reserve to End Direct Support of US Economy in October

With the U.S. economy improving, policymakers at the country's central bank say they plan to end their direct economic support of the world's largest economy in October. Since late 2012, the Federal Reserve has been purchasing up to $85 billion a month of Treasury bonds and securities. It is a program aimed at keeping long-term interest rates at a very low level in an effort to boost hiring and lending to help the economy recover from the depths of the 2008 recession. The...

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