Fed's quantitative tightening likely to hit consumer spending
QT is expected to result in additional downward pressure on money growth and slower economic growth in 2018
London
TIGHTER money, rising interest rates, low savings and high debt could confound optimistic US, European and Asian economic expectations.
This is the view of Lacy Hunt, economist at Hoisington, a specialist US Treasury fund manager. Mr Hunt, an economic forecaster with an outstanding track record, has coined the term "QT" ie quantitative tightening. QT is the polar opposite of QE, or quantitative easing.
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