Markets Embrace Lengthy Balance Sheet Runoff Debate – OANDA
OANDA – Markets embrace lengthy Balance Sheet runoff debate, Fed readies March hike, Oil rallies Gold Shines, Bitcoin higher Q4 2021 hedge fund letters, conferences and more US stocks went on a rollercoaster ride after Fed Chair Powell’s testimony signaled that the Fed “in all likelihood” will be normalizing policy, while allowing the balance-sheet runoff later this year. The Fed sees inflation lasting till mid-2022 and that is probably when they will let the balance sheet decline. Wall Street now has a better understanding on how the Fed will normalize policy and with the balance runoff likel...