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Stock impact report

Battered Bitcoin Looks to U.S. Fed for Support, Bank of America Predicts End of Quantitative Tightening [Yahoo! Finance]

Bank of America Corporation (BAC) 
Last bank of america corporation earnings: 4/15 06:45 am Check Earnings Report
US:NYSE Investor Relations: investor.bankofamerica.com
Company Research Source: Yahoo! Finance
support, with some saying that an announcement to end the balance sheet runoff program, known as quantitative tightening, could be positive news for the market. The Fed will announce its rate review at 18:00 UTC, followed by Chairman Jerome Powell's press conference half an hour later. The bank is unlikely to offer any surprises on the interest rate front, retaining the present range of 4.25% to 4.50%. Therefore, the focus will be on how policymakers plan to proceed with the quantitative tightening program, given the concerns that it could affect liquidity in the system while the Treasury grapples with the ongoing debt ceiling issue. Plus, the summary of economic projections will be watched out by markets. Since June 2022, the Fed, under the QT program, has been slowly shrinking its balance sheet, which had zoomed to a record of $9 trillion post COVID when the bank bought trillions of dollars worth of assets, including bonds, to support markets. The minutes of the January Fed Show less Read more
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