Markets expect Fed 'taper' to begin | Bangkok Post: news

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Markets expect Fed 'taper' to begin

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NEW YORK - Is the Federal Reserve ready to put the Great Recession behind it? Is the US economy prepared for it? 

The seal of the Federal Reserve Board of Governors is seen during a press conference by Federal Reserve Chairman Ben Bernanke.

The markets think so, as the Fed's policy board prepares to meet on Tuesday and Wednesday to decide a momentous step: whether they begin cutting back its stimulus for the economy, $85 billion a month pumped in via bond purchases to fuel the engine.

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