Federal Reserve officials will likely move closer to ending their purchases of mortgage and Treasury bonds at a policy meeting this coming week and discuss when and how to raise interest rates.
Fed officials agreed at their most recent policy meeting in June that they would probably halt the bond-buying program in October, a plan Fed Chairwoman Janet Yellen confirmed in testimony to Congress earlier this month. They are on track to announce Wednesday another cut in monthly bond purchases to $25 billion from $35 billion.