Email of the day on quantitative tightening
Comment of the Day

August 14 2023

Commentary by Eoin Treacy

Email of the day on quantitative tightening

What is your opinion on the latest figures of the Fed's policy of quantitative tightening?

Eoin Treacy's view

Quantitative tightening remains a central part of the Fed’s tool kit as they attempt to bring inflationary pressures back to an acceptable level.

The Fed’s balance sheet continues to contract and moved to new reaction lows a month ago. The process is slow relative to the accumulation phase between the low in 2019 and the peak in 2022 and it will continue until deflationary forces replace inflationary fears.

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