Market Comment | Fed will start to shrink its balance sheet in October

Summary

  As we expected, the FOMC maintained the Fed funds rate at 1%-1.25% and announced the start of the balance sheet normalization process in October. The median forecasts on inflation edged down slightly. The Fed’s interest projection (Dot Plot) showed few changes, the median forecast for long-term interest rates inching down.  Nonetheless, in the press […]

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