The Federal Reserve is unlikely to scale back its bond-buying stimulus this week. The government shutdown hurt the economy and left lingering uncertainty and recent economic data have been weak.
This week’s Federal Reserve meeting is expected to lack the drama of recent gatherings, with economists saying there’s virtually no chance policymakers will begin to scale back the central bank’s bond-buying stimulus.
Still, Fed watchers will be scouring the Fed’s post-meeting statement for clues as to whether tapering remains a possibility this year or likely will be delayed until 2014 amid recent turmoil in Washington and mixed economic data. Fed policymakers meet Tuesday and Wednesday.
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