Wednesday, September 20, 2017

BREAKING: Fed to cut $4.5 trillion bond holdings, still predicts a third rate hike in 2017


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  The Federal Reserve said it will shed a large portion of the $3.5 trillion in Treasury bonds and mortgage-backed securities it has purchased since the recession. The move could slowly nudge long-term interest rates higher. The Fed also foresees a third rate hike later this year but now predicts two hikes in 2019 instead of three.

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