Fed Cuts Bond Buying by Another $10 Billion

``The Fed, as expected, announced it would reduce its monthly purchases of Treasury and mortgage-backed securities by $10 billion, to $55 billion, because of its confidence that the four-year-old recovery is finally becoming self-sustaining.'' -- The wind is still mostly in the sails... we'll see how well they stick to this taper when it turns mostly to a market headwind....