Fed Review : Fed Unveils Plan to Pare Holdings, Keeps December Rate Rise on the Table

‎Fed Review : Fed Unveils Plan to Pare Holdings, Keeps December Rate Rise on the Table

The Federal Reserve announced it would initiate in October its long-telegraphed plan to shrink the portfolio of bonds acquired after the 2008 crisis and kept alive the possibility of raising interest rates by December.

The Fed left rates unchanged and hinted it could raise rates again in 2017 even though persistently low inflation has given some officials second thoughts about a move by then.

Impact : Strong 

Sentiment : Good for Dollar

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