Vehicles drive past the US Federal Reserve in Washington, DC, on January 10. Even the rise of the Omicron variant hasn’t been able to derail the prospect of tighter monetary policy. Photo: AFP
Opinion
Opinion
Macroscope
What to expect in a year of policy tightening and US interest rate rises
- This year may well see not only the end of bond purchases by the Fed and the start of the rate hike cycle, but also the first steps in reducing its swollen balance sheet
- The highly valued parts of the market, such as growth stocks and tech stocks, will come under pressure
Vehicles drive past the US Federal Reserve in Washington, DC, on January 10. Even the rise of the Omicron variant hasn’t been able to derail the prospect of tighter monetary policy. Photo: AFP
