Citing a lack of progress in reducing inflation, the Federal Reserve kept its policy rate unchanged at 5.5% at its meeting on Wednesday, the same rate it has had since July. … READ MORE >
quantitative tightening
Canada financial conditions update: Stabilization and recovery
Canada’s financial conditions remain underwater for now, signaling slow growth in the first and second quarters of the year after a contraction last year in the third and fourth quarters. … READ MORE >
FOMC policy decision: Setting the predicate for rate cuts
The Federal Reserve shifted its bias on monetary policy away from tightening to a balance of risks that favors neither rate hikes nor cuts. … READ MORE >
FOMC preview: Modest adjustments will lead to pivot by midyear
The FOMC next week will almost certainly leave its policy rate unchanged between 5.25% and 5.5% and maintain the pace of quantitative tightening. … READ MORE >
Bank of Canada raises rates by a half percentage point
In an effort to target inflation that is at its highest level in decades, the Bank of Canada on Wednesday increased its policy interest rate by 50 basis points, to 1%, and said it would begin to reduce its balance sheet, known as quantitative tightening. … READ MORE >
FOMC minutes: Fed prepares to shift its policy normalization into a higher gear
The Federal Reserve is preparing to launch the next phase of its policy normalization by drawing down its balance sheet as soon as May to boost rates out along the maturity spectrum. … READ MORE >
How the Fed plans to use its balance sheet to craft a soft landing
The reduction of the Fed’s balance sheet is little understood, but it may end up challenging the conventional wisdom that the Fed will raise its policy rate four times this year. … READ MORE >