On October 30, the markets will hear from the Federal market Committee of the US Federal Reserve once again. At the two previous meetings, the Fed has lowered interest rates by 25 basis points. At the late July meeting, the central bank ended its balance sheet normalization program, which had been pushing interest rates higher further out along the yield curve.
The Fed was hawkish in 2018 as it tightened credit throughout the year. In 2019, the central bank has gone the other way. Monetary policy accommodation returned because of the ongoing trade war between