The last 2 hours of trading in U.S. equities markets caused massive "RISK-OFF" moves as the FED minutes revealed that the FOMC could start unwinding its huge Balance Sheet sometime toward the end of the year......possibly selling both Treasuries and MBS (mortgage backed securities). This is the first time that reducing its balance sheet has been mentioned in its "minutes". Some FED officials also mentioned that equities are "QUITE HIGH". This is also highly unusual, as most FOMC members defer fr…
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