Federal Reserve chair Jerome Powell said the policymakers considered it the suitable approach to dial back its bond buying program.
"The market has an idea the Fed is not going to take anything too far. It's going to adjust policy as needed with a focus on inflation," Garretson said.Mark Cabana, head of U.S. short rate strategy at Bank of America, noted that the Federal Reserve's statement is hawkish. "It's a material reassessment," he said, adding that the futures market shifted to give a 50/50 probability of a rate hike for March and 90% for May.
steveliesman Even after they stop buying, don’t they have to sell back what’s been purchased?
steveliesman Asset prices far above prior bubbles, home prices +23% y/y, rents +12% y/y, commercial RE +24% y/y, retail sales +13% above pre-Covid, Fed Gov's trading Fed policy, Fed Gov's Bernanke/Fisher/Fischer/Yellen work for Wall St post-Fed as 'advisors' Main Street gets inflation bill