Not so bad, after all. That was the Street’s reaction to the Fed’s decision to trim its stimulus. Stocks surged after the Fed said it’s time to start scaling back its $85 billion a month in bond buying by $10 billion. Investors have long awaited the so-called tapering but did not think it would be announced until 2014. Still, they took the decision as a sign the economy needs less help. ‘Investors should see this as a vote of confidence for the economy,’ said Kristina Hooper, at Allianz Global. The S&P 500 is up nearly 27% this year, its best performance since the 1990s. The Fed’s chairman said to expect ‘‘measured reductions’’ in stimulus in the future. Full story for BostonGlobe.com subscribers.
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