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Open original source ↗⚠️ $1.5 TRILLION comes off the Fed's balance sheet starting next quarter.
➡️ Fewer bond purchases = higher yields.
➡️ It's a backdoor to tighten financial conditions w/o hiking more. Eventually, they'll get back to cutting w/ less printing.
Real estate will win from that. https://t.co/wBjcygnvQZ