The surprise decision by the U.S. Federal Reserve to slow down its bond-buying program has been cheered by stock markets amid signs that the U.S. economy is improving. However some so-called "safe haven" global assets came under heavy selling pressure on Thursday.
In one of the most closely-watched central bank meetings of the year, the Fed announced Wednesday that it would start trimming its monthly asset purchases by $10 billion to $75 billion from January onwards. But to temper the market impact of the move, the Fed said its key interest rate would stay near zero "well past the time" unemployment falls below 6.5 percent.
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