This week’s meeting of the Federal Reserve may be one of the most important for financial stocks in several years. There is little doubt the Fed will raise rates, which will help many of the big banks. The more important news will be what it says about shrinking its balance sheet, likely later this year. The Fed currently holds $2.5 trillion of U.S. Treasurys and $1.8 trillion of mortgage-backed securities, a legacy of...

Source: Wall Street Journal June 12, 2017 09:30 UTC