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Fed expected to continue purchasing Treasuries

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The Federal Reserve will probably push forward with $600 billion in securities purchases, even as the biggest jump in business loans in more than two years adds to signs the U.S. economy is gaining strength, Bloomberg reported.

The Federal Open Market Committee today begins a two-day meeting in Washington that culminates with a policy statement at around 2:15 p.m. tomorrow.

Policy makers will probably affirm their plan to buy Treasury securities through June to reduce long-term yields and spur lending, said Mark Gertler, a New York University professor and research co-author with Federal Reserve Chairman Ben Bernanke.