Along with being expected to start a rate hike cycle in March, the U.S. Federal Reserve is expected to stop purchasing assets to add to its $9 trillion balance sheet.
And while multiple rate hikes seems to be largely factored into the stock market, winding down the balance sheet — i.e., start selling assets into the market as opposed to buying — is a less understood variable.
“When… the most reliable buyer with its own printing press and an incredible willingness to buy – when they…
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