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Wall Street sees Fed putting balance sheet over rate hike in September - Reuters poll

Reuters  |  NEW YORK 

By Richard LeongNEW YORK (Reuters) - Wall Street's top banks brought forward their expectations for when they think the Federal Reserve will begin reducing its $4.5 trillion bond portfolio to as early September, and see balance sheet reduction as more of a priority than another interest rate rise, a Reuters poll showed.They see Fed policymakers raising the bank's key overnight borrowing rate one more time by the end of 2017 and three times in 2018 despite growing concerns that inflation would fall short of their 2.0 percent goal in the foreseeable future, according to the poll."The balance ...

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First Published: Thu, June 15 2017. 11:39 IST