Federal Reserve Meeting Minutes: Wall Street Once Again Delays Expectations for the End of Balance Sheet Reduction
According to a report by Jinse Finance, minutes released by the Federal Reserve on Wednesday show that financial market participants have once again postponed their expectations for the end of the Fed’s balance sheet reduction process. The minutes indicate that, prior to the June 17-18 Federal Open Market Committee (FOMC) meeting, major banks and money market funds informed the Fed that they expect the balance sheet reduction to stop in February, by which time the balance sheet will have shrunk to $6.2 trillion. This differs slightly from the expectations expressed by respondents before the May FOMC meeting, when they anticipated the Fed would end the reduction in January, with the balance sheet shrinking to $6.125 trillion.
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