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Federal Reserve Likely to Announce End of Bond Buying Program

The Federal Reserve is expected to announce the end of its stimulus program when it concludes its two-day meeting on Wednesday.

The Federal Reserve's Open Market Committee is meeting for 2-days on economic policy. An announcement following the meeting is expected Wednesday at 2 pm, eastern. Many are expecting the statement to declare the end of the Fed's stimulus program. Stan Crock covers the Fed for TheStreet in Washington and says he's not expecting any surprises from the FOMC statement on the end of 'quantitative easing.' Investors will look closely for clues about when the Fed will likely start raising interest rates. In the minutes of the Fed's last meeting, policy makers did show concern about the health of the U.S. job market. Crock said when the bond-buying program ends, with interest rates as low as there are now, the Fed's only 'tool to strengthen the economy if needed is another stimulus program.' TheStreet's Susannah Lee has details from New York.

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