Fed minutes hint at end to era of expansion

federal reserve

The US Federal Reserve has released the minutes of the last meeting of the Federal Open Market Committee, revealing a growing momentum behind the idea of cutting Fed asset purchases sooner rather than later.

Most members of the committee "observed that the outlook for the labour market had shown progress" since September 2012, but "many" of these participants remained unconvinced that it was yet time to slow the pace of purchases.

However, "a number of participants" said they would be prepared

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