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Fed Closes Out Wild Year as All Eyes Focus on Bond-Buying Program



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The Fed is also low on new tricks, but not entirely out of them. Officials could, as early as this week’s meeting, change the way they are buying bonds in order to have more of an economic impact.Policymakers are mulling whether to shift toward longer-term debt and away from short-term notes. That wonky maneuver may seem technical, but it could have the effect of holding down borrowing costs on things like mortgages and business loans and, in doing so, set the stage for stronger growth.Updated Dec. 16, 2020, 11:50 a.m. ET“The economy is far more sensitive to longer-term …

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