shrink

When it comes to the endgame, time horizons shrink.

Giving up meat, especially beef, is one of the most effective ways to shrink one's carbon footprint: livestock production accounts for about 12 percent of global emissions, according to the UN Food and Agriculture Organization.

The Fed also announced it will end its balance-sheet runoff on Dec. 1, marking the end of its long effort to shrink the central bank’s holdings of Treasuries and mortgage securities.

In fact, the biggest point of anticipation heading into the 2 p.m. hour was whether policymakers would stop shrinking the balance sheet, a strategy known as quantitative tightening, or QT.

The Fed will continue to shrink its portfolio of mortgage-backed securities by shifting into Treasury debt instead—a good step away from credit allocation for housing.