Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnAISquareMore
The Federal Reserve may exit the bank's regular financing program in March, increasing the possibility of interest rate cuts

The Federal Reserve may exit the bank's regular financing program in March, increasing the possibility of interest rate cuts

Bitget2024/01/10 13:15

According to Jinshi's report, the Federal Reserve may exit the Bank Term Funding Program (BTFP) in March. This would mean that by 2024, foreign exchange reserves and liquidity will face additional sustained resistance. This increases the possibility of a rate cut by the Federal Reserve earlier this year. BTFP was created after the Silicon Valley banking crisis with the aim of helping troubled banks obtain liquidity when bond prices fall. However, in recent months, its usage has surged to over $140 billion. The expiration of BTFP will mean that as these loans mature throughout the year, foreign exchange reserves will once again be depleted. In this new paradigm, it appears that the Federal Reserve is now focused on liquidity, which adds to its rationale for a rate cut earlier this year. The market currently expects a 17 basis point rate cut at the meeting on March 20th.

0
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!

You may also like

Apple (AAPL.US) nears a 5 trillion USD market capitalization, targeting Nvidia: the 1,999 USD foldable screen Duo becomes a critical battle.

Apple (AAPL.US) has unveiled its new iPhone, which could be the ticket for this consumer tech giant to reclaim its position as the most valuable company by market capitalization. The company is not far from reaching this goal.

智通财经2026/09/21 03:26

Facebook and Instagram under Meta (META.US) experienced outages affecting thousands of users in the US last Sunday.

Thousands of users in the United States were unable to access Meta’s social platforms Facebook and Instagram last Sunday.

智通财经2026/09/21 03:21

The Nasdaq 100 rebalancing will take effect before the U.S. stock market opens on Monday, SpaceX (SPCX.US) weight significantly rises to 2.82%.

The Nasdaq 100 Index quarterly rebalancing will take effect before the US stock market opens on September 21 (Monday). The main change is that SpaceX (SPCX.US) will see its index weighting significantly increase from about 1.28% to 2.82%.

智通财经2026/09/21 02:36