This Fed is on a Mission – QE Unwind starts Oct. 1. Next rate hike in Dec. Low inflation, no problem.
Wolf Richter wolfstreet.com, http://www.amazon.com/author/wolfrichter The two-day meeting of the FOMC ended on Wednesday with a momentous announcement that has been telegraphed for months: the QE unwind begins October 1. It marks the end of an era. The unwind will proceed at the pace and via the mechanisms announced at its June 14 meeting. The purpose is to shrink … Read more