Tickmill Group: The Fed may adjust its quantitative tightening policy

Odaily News Tickmill Group analyst Monelli said in a report that the Fed's quantitative tightening program is likely to see policy adjustments at the meeting. The recent meeting minutes emphasized that due to the looming debt ceiling issue, "there may be large fluctuations in foreign exchange reserves in the coming months." The market strategist said this may prompt the Fed to "consider pausing or slowing the pace of shrinking its balance sheet." He said that any adjustments to the quantitative tightening program may be seen as a cautious and dovish signal from the Fed. (Jinshi)