Almost nine years after the Federal Reserve began its quantitative easing programme the US central bank is expected to outline plans later today to trim the $4.5 trillion of assets that now sit on its balance sheet. Janet Yellen will also publish the latest round of officials’ economic and federal funds rate predictions at the conclusion of the rate-setting meeting. “The Fed has telegraphed its plans to the market over several months in,” explains James Dean, our US business editor, in this morning’s paper. We get the Fed decision at 7pm UK time. For instant reaction and analysis follow James on Twitter @JamesDeanTimes.

Source: The Times September 20, 2017 07:52 UTC