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The US economy continued to grow in the final quarter of the year, expanding at an annual rate of 3.2 per cent, according to the Bureau of Economic Analysis.

Traders at work on the floor of the New York Stock Exchange

First step to recovery: US Federal Reserve announces $10bn reduction in its stimulus measures

America's central bank acts after two year budget deal was recently agreed in Congress - removing the threat of another government shutdown in the near future

Hamish McRae: Next year should be good for the UK and other economies, but can the markets continue to rise?

Economic View: The better the economy does, the quicker rates rise and the greater the pressure on shares

OUTLOOK: The world may not be ready yet to walk without central bankers' help

So, it's finally happened. The Fed's decision to slice $10bn (£6.1bn) a month off its quantitative easing programme is the clearest signal yet that Ben Bernanke, and his successor Janet Yellen, smell a real, full-blown recovery on the wind.

Market Report: Traders bet US Fed will keep the taps turned on into the  new year

A two-day meeting kicks off today at the US Federal Reserve to decide whether to bring to an end to the quantitative easing sooner rather than later.

Market Report: FTSE tips back into red

The FTSE was in a holding pattern most of the day, but in late trading just tipped back into the red, down 5.29 to 6,439.96.

Rule to curb risky trades by banks in US is finally passed

Nearly four years after President Obama first proposed curbs to rein in the risky bets on Wall Street, US regulators have finally ratified a strict new regime aimed at stopping banks from making speculative trades that could cause another meltdown.

Five questions about: The Bitcoin bubble

This is the virtual currency, isn't it. Can I make a mint from it?

The Chancellor's boasts that Britain was growing faster than any other advanced economy were scuppered within hours

Not so fast George: US outstrips UK growth hours after Autumn Statement

Fresh figures undermine the Chancellor’s boasts amid speculation over tapering

US third quarter growth revised up to 3.6%

Chancellor George Osborne's boasts that Britain was growing faster than any other economy were scuppered within hours after a significant upgrade for the US economy.

Bitcoin crashes after China bans banks from using virtual currency

The online currency Bitcoin plummeted more than 20 per cent today after Chinese regulators banned financial institutions from using it.

Bitcoin is an experimental digital currency that has gained popularity worldwide

Bitcoin value surpasses $1,000 for first time

The price at which a single unit of the digital currency trades has risen dramatically in recent months

James Moore: What goes up must come down on the US markets

Outlook Another record for the Dow, which broke the 16,000 barrier as the more broadly based S&P 500 index broke the 1,800 barrier – both for the first time. Happy days are here again, right? At least for those who play the market.

Bitcoin is an experimental digital currency that has gained popularity worldwide

Bitcoin: 'Assassination Market' website raising the online virtual currency to hire assassins that target key US figures revealed

Those allegedly targeted on the site include Federal Reserve chairman Ben Bernanke, President Obama and NSA director Keith Alexander

Bitcoin price: exchange rate soars above $600 ahead of US Senate hearing

Letter from US Federal Reserve chairman highlights the "long-term promise" of virtual currencies

Market Report: Ultra Electronics hit as defence cuts begin

Shares in the anti-submarine warfare specialist Ultra Electronics dived yesterday as US defence cuts began to hurt. But Ultra is in good company – its warning on delayed US deals follows similar alerts from peers Cobham and Meggitt.

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