On December 25th, today, the central bank continued to do 300 billion yuan MLF, win the bidding interest rate to maintain 2%, compared with the maturity of 1.45 trillion yuan, a significant reduction of 1.15 trillion yuan. Wang Qing, chief macro analyst at Oriental Jincheng, pointed out that the reduction operation is related to the early release of medium-term liquidity by the central bank in November and the recent easing of funds. Wang Qing expects that the RRR cut is still possible before th...
Goldman Sachs forecasts that the Federal Reserve will stop shrinking its balance sheet (QT) in the first quarter of 2025.
According to sources, Trump plans to narrow the list of candidates for U.S. Treasury secretary this week and favor someone with a Wall Street background for the job. The list of candidates for Treasury secretary includes Howard Lutnick, CEO of Construction Corporation, hedge fund billionaire John Paulson, former George Sauer...
Black futures prices narrowed, iron ore is now up 0.45%, after rising nearly 2.5%; rebar is up 0.42%, after rising more than 2%; coke turned down, after rising more than 1.5%; coking coal turned down, after rising nearly 1%.
The Fed is in sight to end its balance sheet reduction, but the actual closing date depends on the pace of interest rate cuts and funding market pressures. Policymakers have hinted that the US Treasury reduction will be completed by the end of the year, and many on Wall Street believe that quantitative tightening (QT) is unlikely to end abruptly. But recent weak economic data and the risk of liquidity stress have cast uncertainty over the outlook. "If the Fed is going to stimulate the economy, i...
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...