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“I don’t know if the Fed or anybody else truly understands the impact of QT just yet,”

Since 2010, QE has explained about 50% of the movement in market price-to-earnings multiples, said Savita Subramanian, equity and quant strategist at Bank of America

MarketWatch 11 September 2022


The Other Doomsday Scenario Fed reversing quantitative easing

James Mackintosh WSJ 3 September2022


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