Goldman Sachs forecasts that the Federal Reserve will stop shrinking its balance sheet (QT) in the first quarter of 2025.
The shrinking PMI has pushed US bond yields below a key threshold. Analysts pointed out that the impact of tonight's non-farm data on US bonds is... > >
The boom in Internet celebrity stocks shows that the US financial system is still abundant in liquidity, and the Fed's slowdown in shrinking its balance sheet means that the balance sheet will never normalize; it is expected that the Fed's dot plot next week will still suggest two interest rate cuts this year...