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The pace of economic growth appears to be moderating from a very high level, but the outlook for economic growth remains strong.

The pace of economic growth appears to be moderating from a very high level, but the outlook for economic growth remains strong.

Minutes from the Federal Open Market Committee (FOMC) September meeting indicate that the potential path of Fed tapering would feature monthly reductions in the pace of asset purchases of $10 billion in Treasury securities and $5 billion in agency mortgage-backed securities.