Fed’s $7.3 trillion balance sheet is worrying the world’s largest asset manager. Here’s why.
Published: May 18, 2024 at 7:30 a.m. ET
By Joy Wiltermuth
By Joy Wiltermuth
It isn’t the size of the Federal Reserve’s balance sheet that matters most, says BlackRock
Changes to how the Federal Reserve manages one of world’s most crucial piles of assets pose “underappreciated” risks to financial markets, BlackRock warned in a Friday client note.
The Fed in early May said it plans to switch up how quickly it will look to shrink its $7.3 trillion balance sheet beginning June 1, a move that was “barely a side note” in financial markets, according to Tom Becker, portfolio manager at Black Rock’s Global Tactical Asset Allocation team.
But..."
But..."
---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
--------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------
No comments:
Post a Comment