quantitative tightening

Sure, One and Done

By |2019-08-01T15:35:23-04:00August 1st, 2019|Bonds, Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

The FOMC yesterday reiterated their stance that the economy was strong. But they also hedged. A one-and-done rate cut is one thing, some insurance (allegedly) for keeping the good times rolling. What about QT, though? That’s the funny thing that you can’t help but get stuck on. Not bank reserves, mind you, they’re worthless (perhaps [...]

Maybe The Grand Celebration For The Early End of QT Starts Tomorrow?

By |2019-07-31T18:13:09-04:00July 31st, 2019|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

Perhaps too much attention was given to “one-and-done”, the knee-jerk disappointment over what everybody is saying was not enough “dovishness.” And while that may have been true as it relates to main star of the puppet show, rate cuts, the FOMC actually did deliver better theater at least with a secondary character. The latest official [...]