Fed Stimulus

In the U.S., the Fed will buy $85 billion a month of Treasuries and mortgage bonds starting next month after the Federal Open Market Committee reduced its growth forecast for next year to as little as 2.3 percent from as low as 2.5 percent. The central bank will absorb about 90 percent of net new dollar-denominated fixed-income assets next year, according to JPMorgan Chase & Co.