The Fed's program of QT has flown under the radar for many investors for a lot of reasons. That low profile belies its importance, however. Not only is the Fed likely to persist in this program, but it will create a strong headwind for risk assets.
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Areté blog | QT on the QT
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The Fed's program of QT has flown under the radar for many investors for a lot of reasons. That low profile belies its importance, however. Not only is the Fed likely to persist in this program, but it will create a strong headwind for risk assets.