Deutsche Bank now expects the Federal Reserve to announce the end of quantitative tightening next week instead of in December.
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Jinse Finance reported that Deutsche Bank strategists wrote in a report on Friday that they now expect the Federal Reserve to announce the halt of balance sheet reduction at next week's policy meeting, rather than at the December meeting, in order to avoid a "serious blow" to its policy credibility after repo rates continued to unexpectedly surge this week.
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