The Wenatchee World

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Wall Street

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NEW YORK (AP) — The latest news from the Federal Reserve spooked investors Wednesday.

Stock and bond prices fell after minutes from the Fed’s latest meeting showed that the U.S. economy was improving steadily enough to warrant a reduction in stimulus in “coming months.” The Fed has been buying $85 billion every month in Treasury and mortgage-backed bonds, which keeps long-term interest rates artificially low and makes stocks seem inexpensive in comparison to bonds.

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