Fed likely to begin reversing crisis-era stimulus next month, meeting notes suggest

Honestly, we’re not betting on this one.  And even if so, 25 basis points is not significant.  (Except what it will cost regarding government debt service.)

Federal Reserve officials are prepared to begin reversing the central bank’s major crisis-era stimulus measures next month, notes from their July meeting published Wednesday suggest. At the July 25-26 meeting, several Fed members were prepared to begin shrinking the central bank’s balance sheet, the new minutes from the meeting revealed. Most preferred to defer the decision until a later meeting. While the group was […]

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