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Barclays: Expects the Fed to end quantitative tightening in December
Golden Data July 10th News, Barclays strategist Joseph Abate reiterated in a report that the Fed may have to end quantitative tightening in December, when bank reserves will reach $3.1 trillion. The Fed's balance sheet normalization has been smooth, without putting pressure on the financing market. Abate said, 'The reserve threshold depends on the relationship between the Fed's supply and the 'unknown, important, and time-varying level of bank demand.'