While you were sleeping: Fed flags unwinding balance sheet

Wed, 26 Jul 2017

By Margreet Dietz July 27 (BusinessDesk) - Wall Street advanced to record highs amid better-than-expected corporate earnings including from Boeing while the Federal Reserve signalled it will begin unwinding its balance sheet “relatively soon.” At the end of its two-day meeting, the Federal Open Market Committee kept its target interest rate steady, saying "near-term risks to the economic outlook appear roughly balanced” though it “is monitoring inflation developments closely.” "The committee expects to begin implementing its balance s...

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