SUBSCRIBERS

Fed set to raise interest rates, give more detail on balance sheet wind-down

Published Tue, Jun 13, 2017 · 09:50 PM

Washington

THE US Federal Reserve is widely expected to raise its benchmark interest rate this week due to a tightening labour market and may also provide more detail on its plans to shrink the mammoth bond portfolio it amassed to nurse the economic recovery.

The central bank is scheduled to release its decision at 2pm EDT (1800 GMT) on Wednesday at the conclusion of its two-day policy meeting. Fed Chair Janet Yellen is due to hold a press conference at 2.30pm EDT (1830 GMT).

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes

International

Philippines denies deal with China over disputed South China Sea shoal
When US diplomats visit China, meal choices are about more than taste buds
China’s first-quarter industrial profits rise at slower pace
Laid-back vibe, stunning beaches, rich cuisine and low cost of living lure more expat retirees to Malaysia
Vietnam tycoon appeals against US$27 billion fraud death sentence
US announces new restrictions on firearm exports

International

International

Fed set to raise interest rates, give more detail on balance sheet wind-down

International

Philippines denies deal with China over disputed South China Sea shoal

When US diplomats visit China, meal choices are about more than taste buds

China’s first-quarter industrial profits rise at slower pace

Laid-back vibe, stunning beaches, rich cuisine and low cost of living lure more expat retirees to Malaysia

Vietnam tycoon appeals against US$27 billion fraud death sentence

US announces new restrictions on firearm exports

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

SECTIONS

LIFESTYLE

Follow BT