- New York Fed to announce purchase schedule at 3 p.m. Friday
- Central bank plans to roll off $4 billion a month for now
Yellen Says Balance-Sheet Unwind Will Be Predictable
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Today’s the Big Day for investors in U.S. mortgage-backed securities.
After months of debate and conjecture about what’s become known as the Federal Reserve’s balance-sheet taper, the New York branch will announce at 3 p.m. its purchase schedule for a $4 billion per month roll off in the central bank’s holdings.