U.S. Markets closed

Fed debated end to bond buying, Bloomberg reports

Concerned about their growing balance sheet, Fed officials began debating an end to their bond buying as early as this year even while preparing to boost stimulus to a new record, reports Bloomberg. Minutes from their December 11-12 meeting showed that "several” members of the Federal Open Market Committee said it would “probably be appropriate to slow or stop purchases well before the end of 2013.” A “few” others were willing to let the program run to the end of the year while “a few others” didn’t give a time frame.