Federal Reserve: Economy improving but stimulus still needed

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Federal Reserve: Economy improving but stimulus still needed

WASHINGTON - The Federal Reserve said on Wednesday the economy continues to recover but is still in need of support, offering no indication that a reduction in the pace of its bond-buying stimulus program is imminent.For now, the Fed will keep on buying $85 billion in mortgage and Treasury securities per month in its ongoing effort to bolster an economy still challenged by federal budget-tightening and weak growth overseas.Policymakers described economic activity as having expanded at a "modest" pace in ...

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