Fed Pencils in October Exit on the Calendar - Presented by: The Aol. On Network

The Fed is firming up its exit plan. Minutes from the U.S. central banks' June meeting detail how it plans to ease the economy out of an era of loose monetary policy- possibly wrapping up its bond buying program in October. At that time, the final reduction would be by $15 billion, rather than the $10 billion it's been cutting after each meeting. That then leaves the question of when rates will rise. Chris Rupkey is the Chief Financial Economist at Bank of Tokyo- Mitsubishi:



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