Fed tightening cycle could be maturing, and the engineered recovery in financial assets may be allowed to continue making a soft landing possible. The Fed is in the cockpit of a metaphorical jumbo plane, navigating global financial markets, the global economy mindful to fly clear from the coffin corner. A too-high altitude, red hot economy, raging bull market with runaway inflation, and the jumbo loses control and crashlands. If the...
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Quantitative tightening QT continues as the Fed restricts its asset purchases. The Fed’s total assets dropped again by $87 billion in June and by $667 billion since the historic peak in April 2022, according to the latest Fed’s H.4.1 weekly balance. The Fed’s total assets stood at $8.298 trillion, the lowest amount since August 2021. QT started in April 2022, with the downward trajectory in the Fed’s total assets...
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