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Fed expected to offer new guidance, not action, on bond buying
Federal Reserve officials this week will link the future of asset purchases to measures of employment and inflation without taking any immediate action to alter the pace or composition of bond buying, according to economists surveyed by Bloomberg News. A slight majority of the 47 respondents to a Dec. 4-10 questionnaire said they expected the new guidance will be approved at the two-day policy meeting ending Wednesday, while most of the remaining analysts expect it in January or March. An actual boost to monetary stimulus this week is seen as unlikely, though. While nearly two-thirds of economists anticipated the ... (full story)