Fed Signaled to Reduce Balance Sheet Soon Despite Weak Inflation
JaquelinePurdy1US dollar extended recent weakness after the FOMC meeting announcement. The Fed left it monetary policy unchanged, maintaining the Fed funds rate target at 1-1.25%. Two new developments were: 1) the Fed noted that balance sheet reduction would begin "relatively soon"...
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Fed Signaled to Reduce Balance Sheet Soon Despite Weak Inflation
