Economic Update September 2017
Summary
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
About the author
Chief Economist
Alex Joiner, PhD
Joined in 2016
Bachelor of Economics (Hons) (Latrobe University), PhD (Econometrics) (Monash University).
Alex is IFM Investors’ Chief Economist and has more than a decade of experience in the field. He is responsible for the firm’s economic, financial market and policy analysis and forecasting. Alex is also a member of the firm’s Investment Committee. Prior to joining IFM Investors, Alex was the Australian Chief Economist for Bank of America Merrill Lynch. In this role, Alex was responsible for providing economic insight and forecasts across asset classes and conveying these views to both domestic and global investors. Alex was also previously a Senior Economist at the ANZ Bank.