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Fed to announce balance sheet unwind in September, hike rates in fourth quarter: Reuters poll
The idea is that they announce balance sheet shrinkage at the September meeting and then hike in December. In a poll conducted just last month, predictions were for the Fed to raise rates by September. Financial markets are pricing in only a 43 percent chance of a 25 basis point rate hike in December. Most of those who answered another question in the poll said if the Fed does so, it will not be acting too soon.
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