Money Markets

Fed sees no rate hikes in 2019, sets end to asset runoff

WASHINGTON (Reuters) – The U.S. Federal Reserve on Wednesday brought its three-year drive to tighten monetary policy to an abrupt end, abandoning projections for any interest rate hikes this year amid signs of an economic slowdown, and saying it would halt the steady decline of its balance sheet in September.

Inside the Fed’s balance sheet in four charts

WASHINGTON (Reuters) – The Federal Reserve will remain the top holder of U.S. Treasuries for the foreseeable future after the central bank said it would stop shrinking its $4 trillion balance sheet by the end of September.