Fed Says Economy Rebounding as It Trims QE Pace

Fed Says Economy Rebounding as It Trims QE Pace Play

June 18 (Bloomberg) -- The Federal Reserve said growth is bouncing back and the job market is improving as it continued to reduce the monthly pace of asset purchases. The Federal Open Market Committee trimmed bond-buying by $10 billion for a fifth straight meeting, to $35 billion, keeping it on pace to end the program late this year. Michael McKee reports on Bloomberg Television's "Bottom Line." (Source: Bloomberg)

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