The Deep Breath Before the Plunge: FOMC Forward Guidance on the Balance Sheet
March 27, 2019 at 13:50 PM EDT
By Astor Investment Management The January 2019 Federal Open Market Committee (FOMC) meeting gave market participants a welcome respite from what many viewed as a decoupling of rate expectations between the Federal Reserve and the market. As a result, we expect the Fed’s balance sheet normalization...