Swiss Economicblogs.org
In line with our expectations, the Fed announced 'normalisation' of its balance sheet at its September meeting. Our scenario for a December Fed rate hike remains unchanged.As widely expected, the Federal Reserve announced at its 20 September meeting the start of the ‘normalisation’ of its balance sheet; some of its bond holdings will not be reinvested from October on. The Fed’s balance sheet should therefore start to shrink gradually. Fed chair Janet Yellen justified this decision by saying...
Read More »QE put to bed, the focus shifts to rate hikes
