Instituições: As discussões do Federal Reserve sobre a redução do balanço patrimonial podem ser tão importantes quanto as perspectivas de Taxa de juros

A TS Lombard analyst, Steven Blitz, said that the Fed officials’ comments on balance sheet reduction may be as important as the outlook for Taxa de juros. In addition to keeping Taxa de juros at high levels, the Fed has also been cutting its holdings of US Treasuries. During the COVID-19 pandemic, the Fed took the opposite approach. It is now time for the Fed to convey more specific balance sheet reduction strategies. This topic may be detailed in the minutes of this meeting.