Fed likely to cut bond-buying stimulus

|By:, SA News Editor

The Fed is likely to go forward with its plan to wind down its bond-buying stimulus today, cutting its monthly asset purchases to $25B from $35B - on target for shutting the program this fall.

During the Fed's announcement, investors will be looking for clues to how much closer the central bank is to raising interest rates, which can be triggered by the recent unemployment drop or firm inflation.

A report is also expected to show the U.S. economy growing at a healthy 3% annual clip in Q2.

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