Quantitative Tightening Is a Nothingburger

Quantitative Tightening Is a Nothingburger
Chinese abacus on one U.S. dollar paper. Shutterstock
Brian McCarthy
Updated:
Commentary 

Markets are in a state of heightened anxiety as the Federal Reserve is shifting to a tightening stance with an abruptness not seen in decades. Since just last September, the Federal Funds rate expected to prevail in mid-2023 has increased by 1.25 percent according to futures markets.

Brian McCarthy
Brian McCarthy
Author
Brian McCarthy is the Managing Principal of Macrolens LLC, an independent provider of global macro research and strategy. Mr. McCarthy previously worked at Emerging Sovereign Group from 2011-2018, where he managed a China-focused macro hedge fund. He has also held roles in fixed income and foreign exchange at AIG, Barclays, UBS, and RBS.
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