FOMC Balance Sheet Normalization Coming “Relatively Soon”

In a statement following its two-day meeting covering July 25 and 26, the Federal Open Market Committee (FOMC or the Committee) decided to “maintain the target range for the federal funds rate at 1 to 1.25 percent”. All FOMC members voted in favor of this decision. In its statement, the FOMC maintains that, at this level, “the stance of monetary policy remains… Read More ›

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