March 14, 2019 / 7:36 PM / 4 months ago

Fed could soon announce plan to stop shrinking balance sheet -Pimco

March 14 (Reuters) - The U.S. Federal Reserve could announce plans to stop shrinking its bond stockpile as early as next week and as late as June, Pacific Investment Management Co (Pimco), which oversees more than $1.66 trillion in assets, said on Thursday.

The U.S. central bank meets on March 19-20 and is expected to again signal its intention to be patient before deciding whether to hike rates again. The Fed has been reducing the size of a bond portfolio it built up to stimulate the economy in the aftermath of the financial crisis. (Reporting By Jennifer Ablan and Trevor Hunnicutt; Editing by Cynthia Osterman)

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