The focus of this week is undoubtedly the FOMC meeting on September 20. The Fed would formally announce the schedule of the long-awaited normalization of its US$ 4.5 trillion balance sheet. The Fed in June indicated how it intends to gradually reduce the balance sheet. We expect more details including the formal start day would be announced this week.
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Fed to Make Formal Announcement of Balance Sheet Normalization, NZ and German Elections over the Weekend
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