Federal Reserve expected to cut QE by further $10bn
The US Federal Reserve is on course to reduce its monthly bond-buying programme again next month, as it continues to wean the American economy off the fiscal stimulus that spurred its economic recovery.
The central bank has already reduced its monthly bond-buying from $85bn to $75bn, and is expected to cut it back by a further $10bn in February.
The Federal Open Market Committee is not due to make a firm decision until its meeting on January 28 and 29, but a number of its members have clearly signalled they would vote in favour of another reduction if the US economic recovery remained on course.