Fed jumps into field of financial land mines

The U.S. Federal Reserve is scheduled to conclude its two-day meeting on May 4. The Federal Open Market Committee is expected to raise the target range for the federal funds interest rate to between 0.75% to 1%, an increase of 0.5 percentage points.

The Fed is also expected to announce the start of reducing its $9 trillion balance sheet. At the March meeting, FOMC participants generally agreed that maximum monthly reductions of about $60 billion for Treasury securities and about $35 billion for agency mortgage-backed securities would likely be appropriate. Those caps may be phased in.U.S.

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