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Fed: Instant Answers: Fed To Slow QT To $25B Per Month Starting June 1

FED
  • Federal Funds Rate Range Maximum: 5.5%
  • Number of dissenters on size of rate move: ZERO
  • Does the FOMC change the sentence "Inflation has eased over the past year but remains elevated"? YES. "Inflation has eased over the past year but remains elevated. In recent months, there has been a lack of further progress toward the Committee’s 2 percent inflation objective."
  • Does the FOMC say the pace of QT will be slowed for Treasuries? YES. "Beginning in June, the Committee will slow the pace of decline of its securities holdings by reducing the monthly redemption cap on Treasury securities from $60 billion to $25 billion. The Committee will maintain the monthly redemption cap on agency debt and agency mortgage-backed securities at $35 billion and will reinvest any principal payments in excess of this cap into Treasury securities."
    • If yes, is the slowing effective immediately (May 1): NO. June 1
    • If yes, what is the reduced cap on Treasuries? (in billions of dollars): $25 billion
MNI Washington Bureau | +1 202-371-2121 | jean.yung@marketnews.com
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MNI Washington Bureau | +1 202-371-2121 | jean.yung@marketnews.com
Homepagemarkets-real-timeBulletMarketsFixed Income BulletsForeign Exchange Bullets

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