Wall Street’s S&P tumbled 1.3%

 after Fed governor Lael Brainard said reining in inflation is of “paramount importance.”

MarketWatch 6 April 2022

https://www.marketwatch.com/story/asian-stocks-in-decline-as-russian-war-on-ukraine-and-fed-hawkishness-weigh-on-investor-appetite-01649218219

Fed’s plan to shrink its $9 trillion balance sheet 

Consensus is for monthly reduction in range of $80-$90 billion

Economists generally expect the Fed to aim to reduce its balance sheet by $3 trillion over three years.

This is a big adjustment for markets. 

MarketWatch 5 April 2022 

https://www.marketwatch.com/story/markets-are-hankering-to-find-out-the-feds-plan-to-shrink-its-9-trillion-balance-sheet-they-should-get-their-wish-wednesday-11649186298