#FOMC Tonight's Key Points
1. A 25 basis point rate cut has been fully reflected, the market's focus is on Powell's speech.
2. Ending QT ≠ Starting QE: It is just stopping balance sheet reduction, and does not inject new funds.
3. Liquidity remains tight: Banks have insufficient reserves, the system is supported by residual cash.
4. Inflation is still about 50% above target, unless a financial crisis occurs, the Fed will not print money.
5. Crisis signals: Repo market is tight, overnight financing rates soar, liquidity pressures are rising. $BTC $ETH
#美联储降息预期
1. A 25 basis point rate cut has been fully reflected, the market's focus is on Powell's speech.
2. Ending QT ≠ Starting QE: It is just stopping balance sheet reduction, and does not inject new funds.
3. Liquidity remains tight: Banks have insufficient reserves, the system is supported by residual cash.
4. Inflation is still about 50% above target, unless a financial crisis occurs, the Fed will not print money.
5. Crisis signals: Repo market is tight, overnight financing rates soar, liquidity pressures are rising. $BTC $ETH
#美联储降息预期