THE WisdomTree BLOG
The first Federal Open Market Committee meeting of 2019 is now on the books. The policy statement provided further evidence that the Fed is going about things in a different way than investors have been accustomed to over the last few years. Is this decision-making process the “new” normal?
The U.S. Federal Reserve has already weighed in on their policy guidance earlier this month. While the lion’s share of the focus has been Fed-centric on this front, it seems like a good exercise to check in on what expectations look like for the remainder of the developed world’s key monetary policymakers.
Treasury supply considerations usually are not the primary driver of interest rate trends. However, they can affect rate direction on a broader scale, and that is why the Fed’s balance sheet normalization process could end up being the gift that keeps on giving the whole year.