Federal Reserve Expected To Announce Taper This Afternoon
Last month, the Fed tapered by $10 billion to $75 billion, citing improvements in the economy and progress towards its 6.5 percent unemployment benchmark.
87 percent of economists surveyed by CNBC are looking for a taper in January. Only 11 percent say no taper. Almost three out of four survey respondents expect the Fed to announce similar reductions at each of its meetings in 2014.
The Fed has already promised to keep benchmark interest rates near zero through the year.
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