US Fed maintains bond-buying

Fed officials say more evidence needed that US economy is improving before central bank can begin stimulus taper.

United States Federal Reserve officials on Wednesday kept the central bank's $US85 billion-per-month bond-buying program in place, saying that they wanted to see more evidence that the economy can sustain improvement before scaling back its bond purchases, but they made clear that they are poised to reduce the program if they saw more evidence of a strengthening economy.

Fed officials pointed to concerns that financial conditions had tightened in recent months and that those conditions could slow the economy if sustained.

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