Fed’s balance sheet
The fed will beginning to unwind its $4.5 trillion balance sheet before the end of the year. “The uncertainty surrounding this unprecedented decision will source a stiff headwind in the face of the economy which has yet to simmer,” Jeremy Klein, chief market strategist at FBN Securities, said in a note Monday, referring to the balance-sheet reduction.
In your opinion, will the unwinding cause “stiff headwinds,” and if so why?
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