The Fed ... boy howdy, let's see if this works

[bendog]

QE undone. I think they've just let maturing bonds drop off their balance sheet, but they're gonna try to sell off the bonds that haven't matured.

range. The Fed last raised rates in June, the second rate rise in 2017.

The Fed also outlined its plans to sell off $4.5 trillion in securities it purchased during the 2007-2008 financial panic to stabilize markets. Next month, the bank will begin selling $6 billion per month of Treasury bonds it holds and $4 billion per month in agency debt and mortgage-backed securities. The bank will increase those caps by $6 billion every three months, until the bank is selling off $30 billion in Treasury bonds and $20 billion in debt each month.

Fed holds off on September rate hike, announces plans for debt sell-off

 

[Soggy in NOLA]

 

[Weatherman2020]

QE undone. I think they've just let maturing bonds drop off their balance sheet, but they're gonna try to sell off the bonds that haven't matured.

range. The Fed last raised rates in June, the second rate rise in 2017.

The Fed also outlined its plans to sell off $4.5 trillion in securities it purchased during the 2007-2008 financial panic to stabilize markets. Next month, the bank will begin selling $6 billion per month of Treasury bonds it holds and $4 billion per month in agency debt and mortgage-backed securities. The bank will increase those caps by $6 billion every three months, until the bank is selling off $30 billion in Treasury bonds and $20 billion in debt each month.

Fed holds off on September rate hike, announces plans for debt sell-off

Yet the news has the DOW poised for another record day.

 

[bendog]

Obama taught us the Dow in a great indicator of health in the economy. (sarcasm)

 

[Weatherman2020]

Obama taught us the Dow in a great indicator of health in the economy. (sarcasm)

So which is it?

Uh uh uh