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FOMC Minutes: Most participants judged that conditions for rate hike(s) could be met relatively soon
FOMC Minutes:
— DailyFX Team Live (@DailyFXTeam) January 5, 2022
- Most participants judged that conditions for rate hike(s) could be met relatively soon
- Most participants agreed that risks to inflation were geared to the upside
Added at 2:08pm
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FED MINUTES: SEVERAL PARTICIPANTS DISCUSSED THE DANGER THAT RECENT HIGH LEVELS OF INFLATION WILL RAISE THE PUBLIC'S LONGER-TERM INFLATION EXPECTATIONS TO LEVELS HIGHER THAN THOSE CONSISTENT WITH THE COMMITTEE'S LONGER-RUN INFLATION AIM.
— Breaking Market News (@financialjuice) January 5, 2022
Added at 2:10pm
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FED MINUTES: SOME POLICYMAKERS THOUGHT 'SIGNIFICANT' BALANCE SHEET SHRINKAGE COULD BE APPROPRIATE IN NORMALIZATION PROCESS #News #Forex
— Capital Hungry (@Capital_Hungry) January 5, 2022
Added at 2:10pm
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Algos focused on this statement
— zerohedge (@zerohedge) January 5, 2022
“Many participants judged that the appropriate pace of balance sheet runoff would likely be faster than it was during the previous normalization episode.”
Added at 2:15pm
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Federal Reserve puts wheels in motion for balance sheet reduction
The Federal Reserve at its December meeting began plans to start cutting the amount of bonds it is holding, with members saying that a reduction in the balance sheet likely will start sometime after the central bank starts raising interest rates, according to minutes released Wednesday. While officials did not make any determination about when the Fed will start rolling off the nearly $8.3 trillion in bonds it is holding, statements out of the meeting indicated that process could start in 2022, possibly in the next several months. “Almost all participants agreed that it would likely be appropriate to initiate ... (full story)