QE

On Wednesday, the Federal Reserve announced it will cut its bond-buying program by $10 billion starting January. So what about this whole tapering thing? What’s it gonna mean for you and me and Aunt Mabel?

The long awaited move has come. The Fed says its going to cut its monthly asset purchases by $10 billion.

Some are worried the Fed will announce that it’s going to stop -- or at least slow -- its stimulative bond-buying program.