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Doom
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Fed Balance Sheet Unwinding Expected “Relatively Soon”: Let the Debate Begin - Mish - Global Economic Analysis

Also, the poor will be getting a huge shipment of free government cheese, fresh from the moon.

Commented 2464 days ago

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Beginning of the headline :As expected, today’s FOMC meeting came with zero surprises. In addition to its standard boilerplate about inflation, the Fed stated it would begin balance sheet normalization “relatively soon”. Here is the full Text of the FOMC Press Release. Key Snips Inflation on a 12-month basis is expected to remain somewhat below 2 percent in the near term but to stabilize around the Committee’s 2 percent objective over the medium term. Nearterm risks to the economic outlook appear roughly balanced, but th... Read More

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