Phase II of Fed Policy Normalization May See Bigger Dollar Fall

Posted on July 18th, 2017

The Fed is moving into a new phase of its policy normalization where it begins its QE portfolio run-down.  Even though the Fed says it hopes this will run on autopilot in the background, it is a form of policy tightening, and further rate hikes will be done more cautiously.  In fact, the timing of […]