Retail sales rose 38 per cent in January data showed. The central bank has since November been tapering its monthly purchases of bonds and securities meant to help the economy weather the Covid-19 downturn.
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. These asset purchases will be reduced to zero by March. Another measure that should help slow inflation will be the reduction of the Feds balance sheet. NEW YORK Feb 16 US stocks were set to open lower today after stronger-than-expected retail sales data gave the Federal Reserve more ammunition to tighten policy while geopolitical tensions over Russian and Ukraine added to caution.
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