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December 20, 2013 AT 4:11 PM
There is now a clear consensus that the U.S. Federal Reserve will wind down its bond-buying stimulus by the end of next year and will likely hike interest rates late in 2015, a Reuters poll of 62 economists showed on Friday. While most analysts had expected the Fed to wait a few months into next year before announcing it would trim its monthly $85 billion of bond purchases, the fact it did so on Wednesday by $10 billion was welcomed by respondents.