|Federal Reserve policy makers hinted in meeting minutes released Wednesday that they might start reducing the debt holdings the central bank bought up to help the economy recover from the 2008 financial crisis. Fed leaders remained divided about the timing of the drawdown. The Fed said after its June meeting that it would start reducing its pile of Treasury bonds and mortgage-backed securities at some point this year, although the minutes said that several senior Fed officials “preferred to announce the start of the process within a couple of months.” Still others wanted to wait to announce anything until they could see where an unexpected slowdown in inflation would lead. Overseas markets lost some ground Thursday following the release of the Fed minutes, and U.S. stock futures edged down, too, before the opening bell.
Source: MarketWatch, Bloomberg