Economic Update September 2017
Another watershed moment in the post-global financial crisis monetary experiment fast approaches. The moment of truth will be the US Federal Reserve’s (Fed’s) balance sheet reduction and normalisation process – the first major central
bank to wind back the impact of its emergency quantitative easing (QE) program...
Global: Major central bank balance sheets - Fed to reduce balance sheet before others. Source: IFM Investors, various central banks, Bloomberg