Fed promises to increase balance sheet

7:05 PM 10 June 2020

The Federal Reserve at today’s meeting promised to increase its balance sheet at least the “current pace” which is about $80 billion per month. While there’s no mention on Yield Curve Control in the statement, this promise is a clear sign that the Fed will remain ultra expansive even if economic conditions improve. Markets welcome this declaration. US100 soars to 10100 points – a fresh all-time high.

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