FOMC LIVE Crypto TRADING Competition: Banter Royale 🏆 [Episode 3]

"Bitcoin set to gain up to 12% over the next 12 days."

"The Fed will end QT on December 1, and mortgage-backed security redemptions will be invested into T-bills after it. In December, we'll enter the next phase of our normalization plans by holding the size of our balance sheet steady. While reserve balances continue to move gradually lower as other non-reserve liabilities such as currency keep growing, we will continue to allow agency securities to run off our balance sheet and will reinvest the proceeds from those securities in Treasury bills, furthering progress toward a portfolio consisting primarily of Treasury securities."

"A reasonable base case is that the effects on inflation are short-lived, a one-time shift in the price level. In the near term, risks to inflation are tilted to the upside and risks to employment to the downside. housing services inflation has been coming down and is expected to continue to come down. The non-housing, the non-market part of it should come down. policy is still modestly restrictive in my telling. So, that's the kind of thing that should lead to a gradually cooling economy."

"But at a certain point, you'll want to start reserves to start gradually growing to keep up with the size of the banking system and the size of the economy. So, we'll be adding reserves at a certain point, and that's the last point."