On Wednesday, the Federal Reserve announced it will cut its bond-buying program by $10 billion starting January. So what about this whole tapering thing? What’s it gonna mean for you and me and Aunt Mabel?

The long awaited move has come. The Fed says its going to cut its monthly asset purchases by $10 billion.

After the Fed's surprising announcement that it will continue stimulus spending, there are winners and losers. We sort them out.

The Federal Reserve's big surprise: no cuts to bond buying for now, the economy isn't strong enough.

The Federal Reserve's big surprise: no cuts to bond buying for now. And European investors gladly welcome the news.

About 75 percent of Americans couldn't identify the bond buying program from a multiple choice list. So it's not too late to ask: Quantitative Easing entails the FED buying bonds to keep interest rates down and encourage lending.

Experts predicted the Fed would reduce bond buying, but economic concerns means that the stimulus will continue.

The Fed may scale back on stimulus spending.

The Fed buys billions of dollars worth of bonds each month to pump cash into our financial system. The question in front of the the Fed Board today: when should they start to slow the buying down.