Gold Finance reports that Bank of America strategists Mark Cabana and Katie Craig stated in a report that the bank now expects the Federal Reserve to end balance sheet reduction by the end of March 2025, pushing back the previously predicted end date of December 2024. The reason for this change is the lack of discussion among policymakers about the Fed’s policies. The September FOMC meeting indicated that the Fed believes changes to policy interest rates and the balance sheet are independent of each other. (Cailian Press)