Latest Business News: Fed Could Start to Trim Asset Program in September

Economists say the Federal Reserve will start trimming its monthly spending on asset purchases before the end of the year, and it could do so as soon as September. They also expect the Fed to stop its current bond-purchases program altogether by June next year. Volkswagen is looking for volunteers among its workforce in Wolfsburg, Germany, to build its flagship Golf hatchback during next month's three-week plant holiday to keep up with customer orders. Global markets are reacting to uncertainty stoked by recent announcements by the Federal Reserve. The Fed's hazy timetable for winding down its stimulus programs and new signs of a cash strain in China are hammering global markets and U.S. stock futures.