Improving US jobs growth led to Federal Reserve taper

 

 The Federal Reserve recently announced a slowdown in efforts to boost the economy

Federal Reserve members mostly agreed about a reduction in the central bank's stimulus efforts in December, 

The central bank announced a $10bn (£6.1bn) a month reduction in its bond buying programme at the end of its December meeting.
They decided to decrease stimulus efforts in "measured steps" to avoid surprising markets.
Better than expected jobs growth was one reason cited for the pullback.
Some members, however, worried that financial markets might misinterpret the move.
During the summer of 2013, comments made by outgoing chairman Ben Bernanke indicating a reduction in stimulus efforts caused market volatility and a steep increase in mortgage rates.
However, by the time an easing of the programme, known as quantitative easing, was announced in December, investors were more relaxed about the move.
All three US indexes posted gains of more than 25% in 2013.
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