Barclays is now predicting that the Fed's quantitative tightening will end in September rather than March, citing the absence of any mention of balance sheet reduction in meeting notes issued last month. The Fed's decision to halt balance sheet reduction is likely to depend more on the ratio of reserves to bank assets than on a specific date, Barclays strategist Joseph Abate wrote in a note. Barclays assumes the Fed wants to reduce reserves to about 12 per cent of assets, a threshold that could ...
Fed policy has been tight enough, but it is difficult to judge precisely how restrictive monetary policy is, said Mr. Barkin. Interest rates could be recalibrated to a less restrictive level. There is plenty of data between now and December. Demand data have been stronger since the Fed began cutting rates. He said he viewed the inverted yield curve as good news.
Federal Reserve Musallam: Monetary policy is in a state of moderate tightening.
Bitcoin News said on the X platform that Europe is tightening its grip on free speech and is gradually approaching the introduction of "digital identity wallets."