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

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

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    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).

    US Federal Reserve

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