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With US rate hike in the bag, focus turns to Fed's policy language

The Fed's current monetary policy tightening cycle began in December 2015, and it has started trimming the massive portfolio of US Treasury bonds and mortgage-backed securities

Reuters  |  Washington 

With the Federal Reserve virtually guaranteed to raise interest rates this week, investors are focused on how the US central bank characterises its monetary policy as borrowing costs return to more normal levels amid an ongoing economic expansion. In what could be the most consequential rewrite of its policy statement in two-and-a-half years, the Fed may signal how close it is to stopping its rate hike cycle, whether faster economic growth warrants ramping up the pace of tightening, and if it feels the era of loose money is, in effect, over. The language in the Fed policy ...

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First Published: Wed, June 13 2018. 02:21 IST