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Fed holds rates, plans portfolio unwinding

From BBC - September 20, 2017

The Federal Reserve said it will hold benchmark interest rates steady for now, but start in October to shed some of the investment holdings it acquired to boost the economy after the financial crisis.

It will initially cut up to $10bn each month from the amount of maturing securities it reinvests.

The moves were widely expected.

For months, the Fed signalled its plans to unwind its $4.2trn portfolio in an effort to avoid rattling markets.

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