The Federal Reserve Just Shocked Investors With Hawkish Plans to Shrink Its Monstrous Balance Sheet
It happened - the Fed hiked interest rates.
The Federal Reserve hiked short-term interest rates on Wednesday by 25 basis points. The central bank also commented on its $4.5 trillion balance sheet.
"The Committee currently expects to begin implementing a balance sheet normalization program this year, provided that the economy evolves broadly as anticipated," the statement said.
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