The Federal Reserve at its June meeting raised interest rates for the second time this year and announced its intention to begin drawing down its US$4.5 trillion balance sheet. Photo: AP
Neal Kimberley
Opinion

Opinion

Macroscope by Neal Kimberley

Watch for these two unexpected outcomes as the Fed moves to shrink its balance sheet

A tightening bias by the Fed could push up the value of the US dollar and spur a flight towards Treasuries

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The Federal Reserve at its June meeting raised interest rates for the second time this year and announced its intention to begin drawing down its US$4.5 trillion balance sheet. Photo: AP
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