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Replying to Avatar Lyn Alden

As long as borrowing stress remains elevated, many asset prices are likely to remain choppy.

This is why the Fed is ending balance sheet reduction, but simply ending it is not necessarily sufficient. By 2026 they will likely go back to balance sheet expansion to put out this fire. Notably, it likely won't be very fast/large balance sheet expansion, but rather will be just enough to help settle this down, which makes a big difference.

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The elder millennial 1mo ago

Will MAGA call it patriotic money printing

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