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The QE retreat

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  • Wednesday, 28 December, 2022
    Markets InsightMichael Howell
    Is QE returning by stealth?

    While the Fed is reducing its bond-buying programme, it is still providing stimulus via other means

  • Monday, 5 December, 2022
    News in-depthMarkets volatility
    Financial instability: the hunt for the next market fracture

    Investors are keeping a close eye on areas ranging from US Treasury market illiquidity to Japanese government debt

  • Wednesday, 26 October, 2022
    ECB to start talks on shrinking balance sheet amid bond market turmoil

    The eurozone’s central bankers will begin discussions this week, as well as raising rate by a likely 75 basis points

  • Monday, 24 October, 2022
    Special ReportFTfm: Fixed Income
    Traders brace for further volatility as bond markets turn bearish

    Impact of quantitative tightening adds to concerns as liquidity continues to fall

  • Monday, 11 July, 2022
    Did central bank balance sheets really need to get so big?

    Deciphering the mixed signals of monetary policy

  • Sunday, 10 July, 2022
    US quantitative easing
    The mystery of how quantitative tightening will affect markets

    Central banks are starting to shrink their balance sheets, but fund managers say they have no clue as to how QT will play out

  • Monday, 20 June, 2022
    LexEurope quantitative easing
    ECB/EU bonds: big bazooka needed to stop spreads blowing up Premium content

    The next step in the European monetary and political experiment has to be more radical than the last

  • Friday, 18 February, 2022
    Central banks
    Investors brace for central banks’ retreat from bond markets

    ‘Quantitative tightening’ will mark profound shift after years of large-scale asset purchases

  • Monday, 7 February, 2022
    News in-depthEquities
    Market swings leave high-profile stockpickers wrongfooted

    Scottish Mortgage and ‘Tiger cub’ Maverick Capital among funds nursing steep 2022 losses

  • Friday, 5 November, 2021
    The FT ViewThe editorial board
    The end of the bond market bull run

    Central banks have begun the slow process of normalising monetary policy

  • Wednesday, 3 November, 2021
    Federal Reserve
    Fed to start winding back $120bn-a-month stimulus programme

    Central bank plans ‘taper’ of bond purchases as US economy contends with surging inflation

  • Monday, 1 November, 2021
    Inside BusinessRobin Wigglesworth
    The dawn of the quantitative tightening era?

    Central banks have rattled bond markets, but fears of a radical new regime are overdone

  • Wednesday, 8 September, 2021
    The FT ViewThe editorial board
    It is time for the ECB to talk about tapering

    Outlook is still unclear but justification for emergency support is weakening

  • Friday, 27 August, 2021
    Federal Reserve
    Powell sends strong signal Fed could dial back stimulus this year

    Central bank chief declares ‘clear progress’ on US labour market in speech at Jackson Hole

  • Friday, 13 August, 2021
    The Long ViewTommy Stubbington
    Quitting QE may be harder than the Bank of England believes

    It is rash to pretend that withdrawal of support for bond markets will be straightforward

  • Wednesday, 4 August, 2021
    US Treasury bonds
    US sets stage for first Treasury sales reduction in five years

    Government says it may cut back on issuance in November amid easing borrowing needs

  • Monday, 14 June, 2021
    Federal Reserve
    Fed to discuss slowing stimulus as recovery strengthens

    FOMC could begin debate as early as this week on shrinking $120bn monthly asset purchase scheme

  • Wednesday, 21 April, 2021
    News in-depthEurope quantitative easing
    Hawks press ECB to scale back bond buying despite rising Covid wave

    Conservative policymakers urge central bank to lay ground for tighter monetary policy

  • Monday, 15 March, 2021
    Markets InsightGregory Whiteley
    Expect a taming of the bond market tantrum

    Recent rises in interest rates have been out of line with economic fundamentals and Fed guidance

  • Thursday, 11 February, 2021
    Gillian Tett
    The Fed needs to call time on cheap money

    Jay Powell, of all people, is haunted by the ghost of past monetary policy mistakes

  • Thursday, 14 January, 2021
    Federal Reserve
    Powell moves to stamp out market fear of exit from loose policy

    Dovish comments from Federal Reserve chairman fail to halt increase in Treasury yields

  • Thursday, 10 December, 2020
    The FT ViewThe editorial board
    ECB prepares for the next stage of coronavirus support

    Monetary stimulus is necessary but cannot do all the work

  • Sunday, 7 June, 2020
    ExplainerMarket Questions
    What next for the Fed as signs of recovery emerge?

    Market Questions is the FT’s guide to the week ahead

  • Monday, 23 March, 2020
    Markets InsightMichael Mackenzie
    The Federal Reserve has gone well past the point of ‘QE infinity’

    New measures extend a post-Lehman crisis legacy of distorted risk premia in markets

  • Thursday, 6 February, 2020
    Markets InsightUS quantitative easing
    The Fed is not doing QE. Here’s why that matters

    Attributing rally to the US central bank could wrongfoot investors later this year

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