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QT-Taper, Now? What Does Powell Know...

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by Tyler Durden
Friday, Mar 21, 2025 - 12:45 PM

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Authored by Simon White, Bloomberg macro strategist,

At its meeting this week the Federal Reserve reduced the balance-sheet run-off cap for Treasuries to $5 billion per month, from $25 billion. 

But with reserves abundant and funding markets calm, it’s not clear why. 

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