WKYT | Lexington, Kentucky | News

Stocks fall amid questions about Fed plan

NEW YORK (AP) - Stocks are sliding as concerns grow over whether the Federal Reserve's plans to buy Treasury bonds might be smaller than anticipated.

A second straight day of mixed earnings and economic reports is also dragging down stocks Wednesday.

Many traders had been predicting the Fed would buy between $500 billion and $1 trillion in Treasurys to drive interest rates lower and boost lending and spending. But new reports says the central bank might announce a smaller plan after its meeting next week.

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