Trumponomics: what has been done?
Not much… so what?
Source: ODDO BHF AM SAS. Data as of 05/31/2017
Sources: ODDO BHF AM SAS, Thomson Reuters, Datastream, Bloomberg. Data as of 05/31/2017
Fed’s goal is to avoid a market overreaction with a very progressive way of selling securities (forward caps : 6 billion of treasuries per month initially), but no return to the pre crisis balance sheet
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