EUR/USD 1.13969
0.148%
Gold 4018.69
0.445%
Oil 80.094
2.955%
USD/JPY 162.201
-0.151%
GBP/USD 1.33776
0.240%
GBP/JPY 216.991
0.082%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
The European-Mediterranean Seismological Centre reported that a 4.3-magnitude earthquake struck the Sumbah region of Indonesia at a depth of 3.0 kilometers.Syrian Foreign Ministry: Condemns Irans attack on two UAE oil tankers in the Strait of Hormuz.On July 14th, a breakthrough in power transmission line inspection technology was achieved in the remote mountains of Jianshui County, Honghe Prefecture, Yunnan Province. Drones autonomously inspected power transmission lines directly connected to satellites, even without 4G or 5G signals or ground-based differential positioning assistance. This operation, relying on a self-developed system, successfully established a direct signal channel between the ground station, satellite, and drone, overcoming the challenge of inspection in signal-free areas with practical accuracy. Project leader Li Bingchen explained that this technology breaks the previous limitation that inspection drones had to be connected via remote controllers to fly, enabling autonomous inspection even in signal-free areas. Approximately 4,500 kilometers of power transmission lines in Yunnan are located in mountainous areas without signal coverage; with this technology, at least 90% of these areas can now be automatically inspected by drones.July 14 - On July 14 local time, the Ukrainian Verkhovna Rada approved the extension of the state of war and general mobilization order in Ukraine until October 31, 2026.The U.S. NFIB Small Business Confidence Index for June will be released in ten minutes.

The Devil Is In The Details: Gold Analysis - Federal Reserve Minutes

Larissa Barlow

Apr 07, 2022 10:33

Analyses of Federal Reserve Minutes 

While both the FOMC statement and Chairman Powell's press conference provide market participants with information about the FOMC's updated and revised monetary policy, it is the release of the minutes that provides investors with significantly greater clarity and understanding. The devil, as they say, is in the details.

 

The Federal Reserve issued the official minutes from its March FOMC meeting today, providing insight into the central bank's current plans to begin unwinding its balance sheet assets. Beginning in March 2020, the Federal Reserve will add around $4.6 trillion to its balance sheet by purchasing $120 billion monthly in mortgage-backed securities ($40 billion) and US Treasury securities ($80 billion), bringing their total to just over $9 trillion.

 

According to Federal Reserve Governor Lael Brainard, the Fed intends to employ a mix of interest rate rises and a quick run-off of the balance sheet to bring US monetary policy closer to neutral later this year.

 

However, the minutes released today imply that the Federal Reserve will unwind around $3 trillion over the next three years, reducing its $9 trillion balance sheet to $6 trillion. While the Fed appears to be indicating a quick runoff of its balance sheet, the reality is that the Federal Reserve's balance sheet will be nearly $2 trillion larger than it was prior to the epidemic.

 

"Participants continued their discussion on plans to reduce the size of the Federal Reserve's balance sheet in a manner consistent with the methodology outlined in the Committee's Principles for Reducing the Size of the Federal Reserve's Balance Sheet, announced following its January meeting."

 

Additionally, the minutes stated, "While no decision was made regarding the Committee's plan to reduce the Federal Reserve's balance sheet at this meeting, participants agreed that significant progress had been made on the plan and that the Committee was well positioned to begin the process of reducing the balance sheet's size as soon as after the conclusion of its upcoming May meeting."


截屏2022-04-07 上午9.59.45.png

Suggestion