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Fed likely to revamp bond purchases to aid economy

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WASHINGTON (AP) — The Federal Reserve is expected to announce a revamped bond-buying plan Wednesday to maintain its support for the U.S. economy. The Fed's goal would be to keep downward pressure on long-term interest rates and encourage individuals and companies to borrow and spend. If it succeeds, the Fed might at least soften the blow from tax increases and spending cuts that will kick in in...

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