FOMC triggers balance sheet wind-down
Fed will begin allowing securities to roll off its balance sheet from October
The Federal Open Market Committee has taken the long-awaited decision to begin winding down asset holdings accumulated during the quantitative easing programmes in the wake of the financial crisis.
At its meeting on September 20, the FOMC voted unanimously to trigger the process of ending reinvestment of principal payments, starting in October. The committee also kept the policy rate on hold in the range of 1–1.25%.
The US dollar jumped in the immediate aftermath of the decision against
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