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Fed MBS Buying High on Agenda as Officials Begin Taper Talk

  • Soaring home prices put focus on mortgage-backed securities
  • Officials split on tapering MBS buying faster than Treasuries
Pending Home Sales In U.S. Increase By Most In Nearly A Year
Photographer: Micah Green/Bloomberg
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Policy hawks at the Federal Reserve are setting their sights on scaling back the U.S. central bank’s massive intervention in the mortgage market as home prices soar. But the Fed leadership doesn’t sound convinced by arguments in favor of a hasty exit strategy.