Fed Holds Rates, Signals QT Taper; Blames Trump 'Uncertainty' For Stagflationary Outlook
Fed Holds Rates, Signals QT Taper; Blames Trump ‘Uncertainty’ For Stagflationary Outlook Tl;dr: The Fed is firmly in wait-and-see mode. Statement: hawkish Economic projections: mixed (stagflationary) Dots: hawkish QT taper: dovish It’s interesting that the slowdown in QT is so sharp – from $25 billion down to $5 billion a month for the Fed’s Treasuries holdings. […]
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