While you were sleeping: Fed mixed on balance sheet

Wed, 05 Jul 2017

By Margreet Dietz July 6 (BusinessDesk) - Wall Street was mixed, as were US Federal Reserve policy makers about the timing to start unwinding the central bank’s balance sheet. "Several preferred to announce a start to the process within a couple of months," according to minutes from the Federal Open Market Committee’s June meeting, released on Wednesday. "However, some others emphasised that deferring the decision until later in the year would permit additional time to assess the outlook for economic activity and inflation,” the minu...

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