Fed expected to reduce bond-buying program

The U.S. Federal Reserve may announce the first retreat in its massive bond-buying program, which has flooded international markets with cash and kept interest rates low. Most economists expect a pullback in bond purchases because the economy has exhibited consistent signs of a recovery, even though there are still millions of unemployed Americans. How will the markets react?

As the Federal Reserve wraps up its two-day policy meeting, we speak with Chris Farrell, Marketplace Money economics editor.

The Associated Press contributed to this report.