Rates – 10-Year U.S. Breakeven Rate and Federal Reserve 10-Year U.S. Real Rate Should investors be worried about the risk of rising U.S. real rates? Image: Morgan Stanley Wealth Management
U.S. Federal Reserve – Assets and Fed Funds Could the Federal Reserve raise interest rates later than expected? Image: BCA Research
Valuation – Federal Reserve Total Assets and S&P 500 Index Forward Price/Earnings Will Fed asset purchases continue to push valuations higher indefinitely? Image: Morgan Stanley Wealth Management
U.S. Dollar and Federal Reserve – ECB Shadow Rate Spread Is the U.S. dollar finding a support, as it tends to track the Fed – ECB shadow rate spread? Image: Arbor Research & Trading LLC
Federal Reserve Balance Sheet as % of GDP The Federal balance sheet is expected to expand by more than 40% of GDP. Image: BofA Global Research
Forecast – Federal Reserve Balance Sheet The Fed could start tapering asset purchases in Q1 2022. Image: BofA Global Research
Quantitative Easing (QE) – Total Assets of the Federal Reserve Are investors facing a reality of QE to infinity and beyond? Image: BofA Global Research
Federal Reserve Balance Sheet Until 2022 The Fed’s balance sheet is expected to peak at US$9 trillion in 2022. Image: Morgan Stanley Research
S&P 500 Real Total Return and Federal Reserve Balance Sheet As this chart illustrates, the Fed balance sheet could grow to $10 trillion, equivalent to 49% of U.S. GDP. Image: Fidelity Investments
Federal Reserve’s Balance Sheet The Federal Reserve’s balance sheet could exceed US$ 9 trillion at the end of 2020, equivalent to more than 40% of US GDP. Image: Financial Times