Washington â¢ Federal Reserve officials last month discussed the possibility of reducing their enormous portfolio of bond holdings later this year, sooner than many investors have been expecting.
The Fedâs bond holdings have kept downward pressure on interest rates. If its policy committee chose to start reducing those holdings, even at a likely gradual pace, it could lead eventually to higher rates on many consumer and business loans.
Concern about that possibility contributed to a selloff of st...
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