JPMorgan Chase: The Federal Reserve is expected to end tapering in Q1 2025 rather than before the end of 2024
Strategists including Teresa Ho at JPMorgan Chase predict that, given the liquidity situation has returned to normal after the end of October, the Federal Reserve will end quantitative tightening (QT, i.e., reducing balance sheet) in the first quarter of 2025. This was previously expected to be completed before the end of 2024. Both U.S. Treasury bills and repo supplies have increased, and money market funds are seeking to expand into longer terms under weakened easing expectations, both withdrawing more funds from the Fed's overnight reverse repurchase tool.
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.
You may also like
Japan Central Bank inflation indicators accelerate, providing grounds for further interest rate hikes
An indicator used by the Bank of Japan to measure underlying inflation accelerated last month, significantly exceeding its target level, providing further justification for continuing to raise the benchmark interest rate.
Hut 8 Wins $140M Bid For Poolin’s Texas Data Centers
Euro: Volatility divergence points to future swings against US Dollar – Commerzbank
Tesla (TSLA.US) officially announces mass production and delivery of Semi electric trucks, reiterating annual production target of 50,000 units
Tesla (TSLA.US) announced the start of mass production and deliveries for the Semi electric truck.
Crypto prices
More
