The US Federal Reserve is reducing its bond purchases faster

Dusseldorf The US Federal Reserve (Fed) is getting out of its loose monetary policy more quickly: It is throttling its bond purchases even more than before, paving the way for several interest rate hikes in spring or even in the last winter month of March. US investors on Wall Street celebrated the Fed’s new course. The Dow Jones closed a good one percent stronger, the market-wide S&P 500 1.63 percent and the technology-heavy Nasdaq 2.35 percent up.

The Fed announced on Wednesday evening that it would cut its purchases of government bonds and mortgage-backed securities by $ 30 billion a month, net. Most recently, this value was $ 15 billion. The rate of throttling could pick up even further in the coming year.