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On the eve of the Jackson Hole meeting, Federal Reserve officials are sounding dovish, expressing strong support for an early rate cut.
Officials still emphasize the health of the US labor market and economy, but advocate for gradually starting to reduce interest rates as soon as possible.
US Securities Held Outright by Fed Decline Sharply as of Aug. 21 Compared With Previous Week
Dovish Fed Minutes Opens the Door for a 50-basis Point Rate Cut - Standard Chartered
'We Do Not See a Recession on the Horizon' – TS Lombard
US 20-Year Auction High Yield Falls From Previous Month, Demand Lower
The key clues to the Fed's end of balance sheet reduction need to be found in tonight's Fed minutes?
As the discussion on when the Federal Reserve will end its current quantitative tightening (QT) policy continues to heat up on Wall Street, market strategists are hoping to gain more guidance from the Fed minutes to be released tonight; While most market observers currently predict that the Fed will completely end its balance sheet reduction at some point towards the end of this year, the specific timing has yet to be determined.
