C'mon September

It can't come fast enough

Bloomberg: "Quantitative tightening has undoubtedly taken a back seat to more pressing issues such as inflation and recession angst, Chris Zaccarelli, chief investment officer at Independent Advisor Alliance, said. Yet, the tapering of the Fed’s asset holdings may come to the forefront as growth continues to slow."

The Street: "In September, the Fed will ramp its quantitative tightening (QT) program up to where it allows $95 billion of assets to roll off (mature without being reinvested) of the balance sheet. At that pace, uninterrupted, it would take about seven years and 10 months to reduce the Fed's balance sheet to zero, or half of that time to get the balance sheet to its pre-pandemic, post-financial crisis ballpark."