After expanding their balance sheets by upwards of 20% of GDP, the Federal Reserve and Bank of Canada are now looking at unwinding them. Quantitative Easing added monetary support when policy rates were at the zero lower bound, but with policy rates now on their way up, the question is how much additional “tightening” might be in store? Ian will give us a birds eye view of how a strategist thinks about the impact of Quantitative Tightening and its potential impact on the economy and financial markets over the next year.
Download the slides in PDF format: TABE Webinar – Quantitative Tightening – Watching the Paint Dry
Ian Pollick joined CIBC Capital Markets in 2017. Mr. Pollick has spent the last decade covering the North American economy and rates markets, focusing on how the broader macroeconomic environment influences the yield curve. In addition, Mr. Pollick has generated leading-edge analytics aimed at finding RV opportunities as well as larger macro trades for a variety of end-investors. He is a regular contributor to the financial press and spends a considerable amount of time traveling and talking with clients including: asset managers, governments, hedge funds, and pension funds. Mr. Pollick was ranked #1 for Canadian fixed income research in 2018, 2019 and 2020 by Greenwich Associates.
Prior to joining CIBC Capital Markets, Mr. Pollick was a Portfolio Manager and Head of Interest Rates at a hedge fund. In that capacity, he co-managed a long-only duration fund in addition to a tactical global macro sub-fund. Before his move to the buy-side, Mr. Pollick spent a decade at two other major financial institutions in a similar capacity, helping to generate best-in-class fixed income research for the domestic market. He began his career as an equity options trader in Chicago.
Mr. Pollick has an Honors Degree in Applied Economics from the University of Waterloo and a Master of Arts in Economics (Finance specialty) from York University.
CABE provides this information as a service to our members. Materials shown in the slides and/or video have been provided with the permission of the speaker(s). All rights belong to them unless otherwise indicated. CABE is not responsible for the accuracy or content of information contained. CABE is not responsible for, and expressly disclaims all liability for, damages of any kind arising out of use, reference to, or reliance on any information contained within this website.