The Latest: Markets subdued ahead of Fed policy decision

WASHINGTON (AP) — The Latest on the Federal Reserve’s monetary policy meeting (all times local):

5:10 a.m.

Financial markets are largely subdued as investors remain cautious ahead of the Federal Reserve’s announcement of its monetary policy meeting.

At the end of its two-day meeting on Wednesday, the Federal Reserve is widely expected to announce it will begin to reduce its enormous bond portfolio, which reached $4.5 trillion. The move will gradually increase long-term borrowing rates.

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