The Federal Reserve announced an early halt to the drawdown of its balance sheet, getting support from central bankers. Meeting minutes showed interest in reweighting central bank holdings from longer-dated bonds to Treasury bills for more flexibility in dealing with market liquidity needs. Several participants noted that this shift could also provide flexibility for future monetary policy accommodation without raising reserves. The Fed will end quantitative tightening on Dec. 1 to ensure enough liquidity in the financial system and maintain control over the federal funds rate. (Source: Reuters)
Read more at Yahoo Finance: Fed minutes show support for ending quantitative tightening
