Goldman: Fed's Balance Sheet Runoff To Hit $400bn In 2018Rupert Hargreaves
2018 is set to be a landmark year for central banks. For the first time since the beginning of the financial crisis, all three of the world's most important CBs, the Federal Reserve, Bank of Japan and European Central Bank will move to a hawkish policy stance.
The Fed's balance sheet normalization process has already begun. The plan, which was announced in September, started in October. Initially, the bank is running off $6 billion of Treasuries and $4 billion of mortgage-backed securities . . .
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