The Federal Reserve in September signaled that it plans to begin unwinding, or tapering, its nearly $8 trillion portfolio of mortgage-backed securities (MBS) and Treasury holdings as early as November, assuming the economy stays on track as expected.
On the MBS side, which now represents about $2.5 trillion in securities held, observers believe the Fed will move cautiously – the Fed is expected to slowly reduce the level of new asset purchases while continuing to replace assets that have matured and run off the books. The central bank also can details ⇒
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