Fed Balance Sheet

Fed Balance Sheet Goldman Sachs predicts the Fed will slow its balance sheet reduction in June 2025 and end quantitative tightening by September, which could influence market liquidity and interest rates. Image: Goldman Sachs Global Investment Research

Aggregate G6 Central Bank Balance Sheet

Aggregate G6 Central Bank Balance Sheet The aggregate G6 central bank balance sheet is expected to continue decreasing in 2024 and 2025 as central banks unwind their pandemic-era asset purchase programs through quantitative tightening measures. Image: BofA Global Research

Interest Rates – Central Bank Policy Rate Hikes vs. Cuts

Interest Rates – Central Bank Policy Rate Hikes vs. Cuts Emerging market central banks typically take the lead in initiating monetary tightening and easing cycles. In 2024, their approach has shifted away from aggressive easing. Image: BofA Global Investment Strategy

Inflation – Fed Funds Rate and CPI

Inflation – Fed Funds Rate and CPI Will the Fed pause its rate hikes? Historically, Fed’s tightening cycles have ended when the federal funds rate is above CPI. Image: Carson Investment Research

S&P 500 vs. Overall Liquidity

S&P 500 vs. Overall Liquidity The tightening of liquidity remains a headwind for U.S. stocks. Image: Fidelity Investments

U.S. Fed Funds Rate and Financial Events

U.S. Fed Funds Rate and Financial Events History repeats itself over and over again, as Fed tightening cycles end with a financial event. Image: Deutsche Bank

Fed Funds and Recessions

Fed Funds and Recessions Fed tightening over the past year is on an unprecedented scale. Image: Morgan Stanley Research

G4 Central Bank Balance Sheet

G4 Central Bank Balance Sheet Will central bank’s quantitative tightening increase pressure on financial markets? Image: BofA Global Investment Strategy