Morgan Stanley on the FOMC Dec, meeting minutes – discussion of Fed balance sheet policy

Earlier preview post is here:

Adding in this snippet from Morgan Stanley on what, in particular, they are watching for in the minutes:

  • the outlook for balance sheet
    normalization. We expect the Fed to chart out a new playbook for
    balance sheet policy in this cycle, starting with details of its
    discussion at the December meeting in the minutes this week.

Fed Chair Powell

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