The Deep Breath Before the Plunge: FOMC Forward Guidance on the Balance Sheet
This article was originally published on ETFTrends.com.
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 [...]