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Fast Take
The outlook from markets has utterly modified prior to now few weeks on account of banking failures within the US and EU.
The market is now pricing in no extra charge hikes however substantial cuts, ending 2023 round 3.75-4%.
4 cuts are priced into the remainder of the yr, whereas the market suggests a higher than 90% probability the Fed is completed elevating charges.
The fed steadiness sheet has grown for the previous two consecutive weeks; roughly $100 billion was added to the steadiness sheet this week.
Whereas two-thirds of quantitative tightening have been undone in a matter of weeks.
That is the third greatest % change to the fed steadiness sheet, solely being crushed by covid and 2008.
The publish Price cuts at the moment are the expectation as fed steadiness sheet grows appeared first on CryptoSlate.
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