[ad_1] The taper is behind, but the tightening is ahead. This is a subtle one-liner that captures what to expect US Federal Reserve going forward. on taper, US Fed Stick to your schedule. It launched the program in early January and quickly ended it by closing new bond purchases to zero by the end of March 2022. Now, it’s headed for rate hikes and balance sheet shrinking. with monetary tightening In the context of the balance sheet reduction expected to start by July-August, to understand what happened in the previous…