Fed set to end quantitative tightening in September
FOMC will also slow the pace of its balance sheet reduction programme from May
The Federal Reserve is to slow the pace of its balance sheet reduction programme – known by some as “quantitative tightening” – with the goal of concluding it completely at the end of September, it announced in a monetary policy statement today (March 20).
Starting from May, The Federal Open Market Committee said it will reduce the cap on monthly redemptions of Treasury securities to $15 billion a month, down from the current $30 billion. It also intends to allow its holdings of mortgage backed
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