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Balance sheet unwind to begin in Oct, with......>

FED
FED: Balance sheet unwind to begin in Oct, with rollovers spread 
across maturities based on the proportions of total maturities of SOMA 
Treasury holding on that date. Holds rates steady at 1.00% to 1.25% as 
expected but keeps Dec rate hike on table with 11 dots seeing one more 
hike this year. No dissents (vote 9-0). Median ffr projections unchanged 
for 2017 and 2018, but trimmed for 2018 and the long run from the June 
SEP. Cites temporary effects on inflation and econ from the hurricanes. 
Keeps near-term risk assessment "roughly balanced." See MNI main wire. 

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