Party’s over .. QE is being rolled back in October .. For every dollar the Fed unwinds off its balance sheet a dollar will be taken out of the general money supply .. Every dollar has liabilities and derivatives sitting on top of it ..
“U.S. central bank announced it will begin to roll off its $4.5 trillion balance sheet in October.”
“Most of those assets consist of the Treasurys and mortgage-backed securities it acquired under a program known as quantitative easing.”
Fed approves October reversal of historic stimulus, leaves rates unchanged
The Fed was not expected to raise its benchmark interest rate at this week’s meeting.