Wall Street Will Scour Fed Minutes for Clues on the End of Balance-Sheet Unwind
- A plurality of banks see the Fed ending its unwind this year
- FOMC minutes for July 30-31 gathering to be released Wednesday
A television broadcasts Jerome Powell speaking after a Federal Open Market Committee meeting on the floor of the New York Stock Exchange on July 31.
Photographer: Michael Nagle/BloombergThis article is for subscribers only.
As debate heats up on Wall Street over when the Federal Reserve will complete its current course of quantitative tightening, strategists are looking for more guidance on Wednesday when the US central bank releases the minutes of its latest policy meeting.
While most market-watchers are forecasting an end to the balance-sheet unwind sometime late this year, the exact timing is far from certain. That’s drawing attention to minutes from the July gathering, which may also offer clues on the path of interest rates.