1 WORLD’S FIRST FLOATING WIND FARM BEGINS OPERATING IN SCOTLAND WWW.BLOOMBERG.COM  PUBLISHED:2017/10/19      2 NATIONAL FORUM TO BE ORGANIZED TO REDUCE AIR POLLUTION WWW.MONTSAME.MN  PUBLISHED:2017/10/19      3 STEP AHEAD IN REALISATION MONGOLIAN NORTHERN RAIL CORRIDOR WWW.RAILFREIGHT.COM PUBLISHED:2017/10/19      4 GOLDMAN SACHS PREFERS GOLD TO BITCOIN WWW.RT.COM PUBLISHED:2017/10/19      5 POLITICAL PARTY FINANCING IN MONGOLIA: A ROAD TO GRAND CORRUPTION? WWW.POLITICSOFHOPE.COM PUBLISHED:2017/10/19      6 ABOUT 1000 TEACHERS IN MONGOLIA INTEND TO GO ON HUNDER STRIKE OVER LOW SALARIES WWW.AKIPRESS.COM  PUBLISHED:2017/10/19      7 UK BANKS EXPOSED TO MONEY LAUNDERING IN SOUTH AFRICA WWW.BBC.COM  PUBLISHED:2017/10/19      8 PARLIAMENT APPOINTS FIVE MINISTERS WWW.MONTSAME.MN  PUBLISHED:2017/10/19      9 CHILE'S COCHILCO BOOSTS COPPER FORECAST TO NEAR $3 PER POUND IN 2018 WWW.MINING.COM PUBLISHED:2017/10/19      10 OCTOBER 18, 2017 TRADING REPORT WWW.MSE.MN  PUBLISHED:2017/10/19      Ч.ХҮРЭЛБААТАР: ЗАСГИЙН ГАЗАР ДОТООДЫН БАНКУУДААС ӨНДӨР ХҮҮТЭЙ ЗЭЭЛ АВЧ БАЙГААГ ТЭГЛЭНЭ WWW.BLOOMBERGTV.MN  НИЙТЭЛСЭН:2017/10/19     “ЭДИЙН ЗАСГИЙН КОРИДОР”-ЫН АСУУДЛААР ХЭЛЭЛЦЭЖ БАЙНА WWW.MONGOLIANMININGJOURNAL.COM  НИЙТЭЛСЭН:2017/10/19     “АГААР ОРЧНЫ БОХИРДЛЫГ БУУРУУЛАХ ТЕХНИК, ТЕХНОЛОГИ МЭДЭЭЛЛИЙН ТӨВ" БАЙГУУЛНА WWW.DNN.MN  НИЙТЭЛСЭН:2017/10/19     ОРОСЫН ХИЙГЭЭР ЦЭНЭГЛЭГДЭХ ШИНЭ ТОРГОНЫ ЗАМ WWW.MONTSAME.MN  НИЙТЭЛСЭН:2017/10/19     MBD БИЗНЕС ХӨТӨЛБӨР ЛОНДОН ХОТ, ИХ БРИТАНИ (БҮРТГЭЛ МАРГААШ ДУУСНА) WWW.MONGOLIANBUSINESSDATABASE.COM НИЙТЭЛСЭН:2017/10/19     МОНГОЛБАНК: ИНФЛЯЦ 8 ХУВИЙН ЗОРИЛТОТ ТҮВШИНД ХАДГАЛАГДАНА WWW.BLOOMBERGTV.MN  НИЙТЭЛСЭН:2017/10/19     10-Р САРЫН 18-НЫ ӨДРИЙН АРИЛЖААНЫ МЭДЭЭ WWW.MSE.MN  НИЙТЭЛСЭН:2017/10/19     ЭМД-ЫН ХУРААМЖИЙГ БУУРУУЛАХАД 2018 ОНООС ТОДОРХОЙ АРГА ХЭМЖЭЭ АВНА ГЭВ WWW.DNN.MN  НИЙТЭЛСЭН:2017/10/19     START-UP MONGOLIA: МОНГОЛД ГАРААНЫ БИЗНЕС ХӨГЖИХ ОРЧНЫ ҮЗҮҮЛЭЛТ 3.5 ОНООТОЙ БАЙНА WWW.BLOOMBERGTV.MN  НИЙТЭЛСЭН:2017/10/19     Г.ЗАНДАНШАТАРЫГ ЗАСГИЙН ГАЗРЫН ХЭРЭГ ЭРХЛЭХ ГАЗРЫН ДАРГААР ТОМИЛОВ WWW.DNN.MN  НИЙТЭЛСЭН:2017/10/18    

Fed keeps U.S. rates steady, to start portfolio drawdown in October www.reuters.com

WASHINGTON (Reuters) - The U.S. Federal Reserve left interest rates unchanged on Wednesday but signaled it still expects one more increase by the end of the year despite a recent bout of low inflation.

The Fed, as expected, also said it would begin in October to reduce its approximately $4.2 trillion in holdings of U.S. Treasury bonds and mortgage-backed securities acquired in the years after the 2008 financial crisis.

New economic projections released after the Fed’s two-day policy meeting showed 11 of 16 officials see the “appropriate” level for the federal funds rate, the central bank’s benchmark interest rate, to be in a range between 1.25 percent and 1.50 percent by the end of 2017, or 0.25 percentage points above the current level.

U.S. bond yields rose, pushing up the U.S. dollar after the Fed’s decision, but U.S. benchmark stock indexes were little changed.

U.S. benchmark 10-year Treasury note yields rose as far as 2.29 percent, the highest since Aug. 8., a move which helped push bank stock prices higher also.

“The Fed took another step on its path of beautiful normalization, announcing that the gradual balance sheet reduction will start next month and limiting revisions to both projections and policy guidance,” said Mohamed El-Erian, Chief Economic Adviser At Allianz, in California.

In its policy statement, the Fed cited low unemployment, growth in business investment, and an economic expansion that has been moderate but durable this year as justifying it’s decision. It added that the near-term risks to the economic outlook remained “roughly balanced” but said it was “closely” watching inflation.

Fed Chair Janet Yellen said in a press conference after the end of the meeting that the fall in inflation this year remained a mystery, adding that the central bank was ready to change the interest rate outlook if needed.

“What we need to figure out is whether the factors that have lowered inflation are likely to prove persistent,” she said. If they do, “it would require an alteration of monetary policy,” Yellen said.



Published Date:2017-09-21