Federal Reserve leaves rates alone but moves closer to selling off bonds

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The Federal Reserve is keeping its key interest rate unchanged at a time when inflation remains persistently low. But it signaled Wednesday that it’s edging closer to gradually shrinking its bond holdings, a step that would likely boost long-term borrowing rates including mortgages.

http://www.smdailyjournal.com/business/federal-reserve-leaves-rates-alone-but-moves-closer-to-selling/article_b9f5e34a-7267-11e7-bd9b-9f5fdb13ba4f.html