The Economist on QT

This article from the Economist gives an interesting analysis of Quantitative Tightening.

While central banks assert that QT has been successful without disrupting financial markets, there are concerns about underestimating its effects. Estimates vary widely on the impact of QT on yields, with some suggesting a significant increase in long-term interest rates. Factors such as high government deficits, increased net government debt, and international spillovers contribute to the complexity of assessing QT's effects. The article concludes that QT's impact on financial conditions and economies may have been underestimated, potentially requiring faster policy rate cuts to meet inflation targets.