Thu, 01 May 2014 14:35:04 GMT
The U.S. Fed cuts its monthly purchase to $45 billion
The central bank of the world's largest economy decided to cut its monetary easing program on the policy meeting on Thursday and it may continue to reduce monthly purchases as the economy improves, a report released after the meeting showed today. The U.S. Federal Reserve reduced the size from $55 billion a month to $45 billion.