In November 2018, the Council on Foreign Relations did an article that attempted to quantify the impact of the Fed’s balance sheet runoff (Quantitative Tightening): https://www.cfr.org/blog/fed-tightening-more-it-realizes Quantitative Tightening (balance sheet runoff) simply means that when bonds the Fed held matured, rather than pay them off and replace them with new bonds, they just paid them … Continue reading Relax, we got a ~40bps rate cut?
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Relax, we got a ~40bps rate cut?
In November 2018, the Council on Foreign Relations did an article that attempted to quantify the impact of the Fed’s balance sheet runoff (Quantitative Tightening): https://www.cfr.org/blog/fed-tightening-more-it-realizes Quantitative Tightening (balance sheet runoff) simply means that when bonds the Fed held matured, rather than pay them off and replace them with new bonds, they just paid them … Continue reading Relax, we got a ~40bps rate cut?