Fed retreat from MBS market sparks short-term uncertainty

What happens when theĀ Federal ReserveĀ begins pulling back in a serious way from the mortgage-backed securities (MBS) market that it has helped to prop up through billions of dollars in bond purchases since the start of the pandemic in 2020 ā€” to the point where it now holds aĀ $2.7 trillionĀ agency MBS portfolio?

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