Fed leaves rates un­changed

China Daily (Hong Kong) - - BUSINESS -

The US Fed­eral Re­serve on Wed­nes­day left its bench­mark in­ter­est rates un­changed as ex­pected amid soft in­fla­tion. But the cen­tral bank sig­naled that it would be­gin shrink­ing its bal­ance sheet “rel­a­tively soon”. “The Com­mit­tee ex­pects to be­gin im­ple­ment­ing its bal­ance sheet nor­mal­iza­tion pro­gram rel­a­tively soon, pro­vided that the econ­omy evolves broadly as an­tic­i­pated,” the

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