BREAKING: Fed to cut $4.5 trillion bond holdings, still predicts a third rate hike in 2017

Having trouble viewing this email? | View it in your browser   The Federal Reserve said it will shed a large portion of the $3.5 trillion in Treasury bonds and mortgage-backed securities it has purchased since the recession. The move could slowly nudge long-term interest rates higher. The Fed also foresees a third rate hike later this year but now predicts two hikes in 2019 instead of three. FOR THE LATEST NEWS VISIT:   USATODAY.COM     Help | Advertise | Home Delivery | Privacy Policy - Your California Privacy Rights     © 2017 USA TODAY, a division of Gannett Satellite Information Network, LLC. 7950 Jones Branch Drive, McLean, VA 22108