Economics
Goldman Sachs Sees Muted Taper Impact on Asian Debt as Fed Meets
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Goldman Sachs Group Inc. says U.S. cuts to unprecedented stimulus will have a limited effect on the performance of Asian bonds this year, as the Federal Reserve finishes its first policy meeting of 2014.
The central bank will probably trim monthly bond purchases by an additional $10 billion at each Federal Open Market Committee meeting through September, a Bloomberg News survey forecasts, after the body announced initial cuts last month.