Bank of America: Prediction of Fed Balance Sheet Runoff Completion Pushed Back to End of March 2025
Article is form Jinse
September 20, 2024
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Gold Finance reported that Bank of America strategists Mark Cabana and Katie Craig stated in a report that the bank now expects the Federal Reserve to end its balance sheet reduction by the end of March 2025, compared to their previous forecast of December 2024. This change is attributed to the limited discussion among policymakers about their policies. The September FOMC meeting suggests that the Fed views changes in policy interest rates and the balance sheet as independent of each other.
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