The Deep Breath Before the Plunge: FOMC Forward Guidance on the Balance Sheet

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By Astor Investment Management The January 2019 Federal Open Market Committee (FOMC) meeting gave market participants a welcome respite from what many viewed as a decoupling of rate expectations between the Federal Reserve and the market. As a result, we expect the Fed’s balance sheet normalization to end sooner than previously expected and at a level [...]

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