U.S. raises rate, bond holdings to fall this year

15 June 2017

 

The U.S. Fed’s Open Market Committee (FOMC) was expected to raise the federal funds rate range at its June meeting. It was also anticipated to have something to say about its holdings of Treasury bonds and asset-backed securities. It delivered on both items. The U. S Fed announced it has raised its target range for the federal funds rate to 1.00%-1.25%. It would also begin to reduce re-investment of proceeds...

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