Federal Reserve signals end to balance sheet reduction this year
“Federal Reserve policymakers signalled the central bank will complete the job of reducing its multitrillion-dollar balance sheet this year, in a boost to financial markets that have in recent months been unnerved by the process.”
USAGOLD note: It is uncertain if the Fed meant it would “end” quantitative tightening this year, or “announce a plan to end it” by the end of the year. The markets seemed unsure of what to make of the minutes’ release yesterday. It might take a few days for the true reaction to manifest itself.