The Federal Reserve is optimistic that the US economy will grow strong this year and is expected to announce the next reduction of its bond-buying program on January 28-29, the Wall Street Journal reported.
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The Federal Reserve said it will be trimming its monthly bond purchases to $75 billion from $85 billion in its first move to start tapering, Bloomberg reported.
As talk about the US Federal Reserve tapering grows, a Financial Times report said markets are now more prepared should a reduction in asset purchases actually become a reality.
BlackRock CEO Laurence D. Fink said the tapering by the US Federal Reserve would be extended until the March.
The Fed Reserve's turnaround on tapering had opened better loan prospects for banks in India.
The New York Federal Reserve Bank retains bond purchasing policy.
A Reuters report expected the US Federal Reserve tapering to be cautious.
A Reuters report said that investors had started to take out their capital from emerging markets as Fed tapering loomed.
The Head of the Central Bank of China said the country had measures to cope with the expected pullback of the US monetary stimulus.
