From Jon Hilsenrath at the WSJ: Next Cut in Fed Bond Buys Looms
The Federal Reserve is on track to trim its bond-buying program for the second time in six weeks as a lackluster December jobs report failed to diminish the central bank's expectations for solid U.S. economic growth this year, according to interviews with officials and their public comments.
A reduction in the program to $65 billion a month from the current $75 billion could be announced at the end of the Jan. 28-29 meeting
I think the Fed will continue reducing their asset purchases at each meeting, unless there is a significant change in the data (one weak job report will not change their views).