| The Federal Reserve said on Wednesday that it would reduce its monthly bond-buying campaign to $75 billion in January, beginning a retreat from its stimulus campaign, because it no longer saw the need for the full force of those efforts. Stocks rallied on the Fedà ‚¬ „ s move, with the Standard & Poorà ‚¬ „ s 500-share index up more than 1.5 percent in late trading. Investors saw the pullback as a vote of confidence in the economy. |
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