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Fed Holds Off for Now on Bond Buys

By Jon Hilsenrath
Published January 20 2012 Wall Street Journal

Federal Reserve officials are waiting to see how the economy performs before deciding whether to launch another bond-buying program. The Fed meets again next Tuesday and Wednesday, and officials are preparing to roll out a new communications strategy that is on track to include two key elements: their interest-rate projections and a statement explaining their objectives for inflation and employment.

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