- Buy Crypto
- Markets
Futures- Spot
- Copy Trade
- Earn
- More
JPMorgan Chase and Bank of America Issue Joint Warning: Fed Set to End Balance Sheet Reduction
BlockBeats News, October 24th. Strategists from JPMorgan Chase and Bank of America expect the Federal Reserve to halt the reduction of its nearly $6.6 trillion balance sheet this month, bringing an end to this over two-year-long liquidity draining operation. Both banks advanced their timing for the Fed's quantitative tightening exit due to recent increases in the U.S. dollar funding market borrowing costs. They had previously forecasted that the balance sheet reduction, which began in June 2022, would conclude in December or early next year.
"The current or higher level of money markets should signal to the Federal Reserve that reserves are no longer 'abundant'," wrote Bank of America's Mark Cabana and Katie Craig in a report on Thursday. They pointed out that elevated repo rates and funding pressures indicate the system is gradually approaching a reserve scarcity condition.
At JPMorgan Chase, strategists led by Teresa Ho stated that the funding conditions this week prompted them to advance their timing. With the Federal Reserve's reverse repo tool funds running dry, the market has been operating "in more friction." (FXStreet)
You may also like
The Cryptographic Past of the Middle East
Resolving the Intergenerational Prisoner's Dilemma: The Inevitable Path of Nomadic Capital Bitcoin
Who Will Control AI? Why Decentralized AI May Be the Only Alternative to Government and Big Tech
AI has become critical infrastructure, and governments and corporations are competing to control it. Centralized development and regulation are entrenching existing power structures. The Web3 community is building a decentralized alternative — distributed compute, token incentives, and community governance — before that window closes.
Vitalik wrote a proposal teaching you how to secretly use AI large models
On the eve of the explosion of on-chain options
WEEX AI Hackathon: How Did This AI Trading Winner Succeed?
A self-taught AI trading enthusiast achieved top-10 results at the WEEX AI Hackathon. Learn about the mindset, AI tools, and lessons behind this impressive performance.
One Balance to Rule Them All: Gravitas' On-Chain Prime Broker Ambition
That person who cashed out at the NFT peak is now selling a new shovel in the OpenClaw craze
Inter-generational Prisoner's Dilemma Resolution: The Nomadic Capital and Bitcoin's Inevitable Path
Upstream and downstream are starting to fight, all for the sake of everyone being able to "Lobster"
Circle and Mastercard Announce Partnership, the Next Stage for the Crypto Industry Belongs to Payments
From 5 Mao per kWh of Chinese electricity to a $45 API export: Tokens are rewriting currency units
Why is OpenAI playing catch-up to Claude Code instead?
Vitalik wrote a proposal teaching you how to secretly use AI large models
The doubling of Circle's stock price and the paradigm shift of stablecoins
Key Market Information Discrepancy on March 13th - A Must-See! | Alpha Morning Report
On-Chain Options Explosion.ActionEvent
《Time》 Magazine Names Anthropic as the World's Most Disruptive Company
The Cryptographic Past of the Middle East
Resolving the Intergenerational Prisoner's Dilemma: The Inevitable Path of Nomadic Capital Bitcoin
Who Will Control AI? Why Decentralized AI May Be the Only Alternative to Government and Big Tech
AI has become critical infrastructure, and governments and corporations are competing to control it. Centralized development and regulation are entrenching existing power structures. The Web3 community is building a decentralized alternative — distributed compute, token incentives, and community governance — before that window closes.
Vitalik wrote a proposal teaching you how to secretly use AI large models
On the eve of the explosion of on-chain options
WEEX AI Hackathon: How Did This AI Trading Winner Succeed?
A self-taught AI trading enthusiast achieved top-10 results at the WEEX AI Hackathon. Learn about the mindset, AI tools, and lessons behind this impressive performance.
App