The U.S. central bank may start its program to shrink its $4.5 trillion balance sheet perhaps as early as September, with a roll-off cap on MBS at $4 billion and one on Treasuries at $8 billion, J.P. Morgan economist Michael Feroli wrote in a research note.
(Reporting by Richard Leong; Editing by Chizu Nomiyama)J.P. Morgan economist sees modest roll-off caps for Fed's balance sheet
TOP READS FROM THE FISCAL TIMES
-
Lawsuit saying Twitter aided Islamic State thrown out by U.S. appeals court
(Reuters) - A federal appeals court in San Francisco ruled on Wednesday that Twitter Inc is not liable to families of... -
Boeing ends Wall St.'s slide, Fed caution limits gains
(Reuters) - A surge in Boeing led Wall Street out of a two-day slump on Wednesday, but U.S. stocks pared gains in early... -
U.S. food distributors allege Tyson Foods, rivals fixed chicken prices
CHICAGO (Reuters) - Top U.S. food distributors Sysco Corp and U.S. Foods Inc have sued the country's biggest chicken...