S&P 500 Slumps as the Fed Signals a Quicker Return to Quantitative Tightening

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Markets have been taken by surprise (me included) by the depth of the discussion surrounding balance sheet normalisation, in other words, quantitative tightening. Get your market update from JMcQueenFX here:

Markets have been taken by surprise by the depth of the discussion surrounding balance sheet normalisation, in other words, quantitative tightening. Among the key headlines from the minutes, some members observed that

, this is a result of the current weighted average maturity of the Fed’s Treasury holdings being shorter than previously. Additionally, “a

 

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