U.S. Fed holds, balance sheet shrinkage “relatively soon”

27 July 2017

 

The July meeting of the U.S. Fed’s Open Market Committee (FOMC) was expected to keep the federal funds rate range unchanged at between 1.00% and 1.25%. Markets were also on the lookout for some insight into the Fed’s plan to reduce its balance sheet which had been increased by a factor of five since 2009. The FOMC left the federal funds rate unchanged, as expected, “in view of realized (sic)...

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