The Fed Starts to “Normalize”

Luke Tilley |
Wilmington Wire
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September 21, 2017 — As we had anticipated for several months, the Federal Open Market Committee (FOMC) of the Federal Reserve announced the start of “normalization” of its balance sheet following the meeting this week. This means committee members believe they can and should start to reduce the overall size of the Fed’s balance sheet, which has stood at about $4.5 trillion for the past three years following several “quantitative easing” (QE) programs.

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Xi Jinping and China’s 19th National Congress: a Steady Hand on the Tiller

Clement K. Miller |
Wilmington Wire
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September 18, 2017— China’s ruling Communist Party (CCP) convenes its 19th National Congress on October 18. The congress will be assembling against the backdrop of a favorable investment climate that goes well beyond mere window-dressing:Rising personal incomes are driving the revenue of many listed companies, especially in e-commerce.

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