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The Fed announced a big change today. And no‚ we’re not talking about interest rates
Wednesday’s Federal Reserve policy decision was fairly boring for investors — officials kept interest rates the same‚ just as they have since July 2023.
But some savvy traders are excited about another key decision. The Fed announced that it will significantly curtail its quantitative tightening (QT) program — that’s the selling off of its assets to decrease money supply and increase interest rates — beginning in June.
US Treasury yields fell on the news. Yields on the 10-...
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