US yields are continuing to push-higher this week but, so far, US Dollar strength has not been tracking that theme. A common culprit of such scenarios is rates lifting by more elsewhere, and after the past two weeks with the ECB and FOMC, one bank has clearly laid down a more-hawkish stance and that’s the Central Bank that waited to start hiking rates last year.
The Federal Reserve wants a smaller balance sheet to help rein in inflation. But uncertainty in the banking system is pushing it in the opposite direction.
The Fed s balance sheet is at a crossroads nationalmortgagenews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nationalmortgagenews.com Daily Mail and Mail on Sunday newspapers.