On January 21st, Morgan Stanley economists stated that the Federal Reserve will announce a plan to slow down its balance sheet reduction in May and begin the process in June. Seth Carpenter and others at the bank wrote that they expect the Federal Reserve to "elaborately" discuss the balance sheet issue at the next three FOMC meetings, announce the scale and scope of the slowdown in May, and begin the process in June. Morgan Stanley previously predicted that the Federal Reserve would start slowing down its balance sheet reduction in September of last year. The bank still maintains its expectation that the balance sheet reduction will end in February 2025. It is expected that the overnight reverse repurchase tool usage of the Federal Reserve will drop to $250 billion by May or June.
Welcome Back
Click “Sign in” to agree to Cointime’s Terms of Service and acknowledge that Cointime’s Privacy Policy applies to you.
Join CoinTime
Already have an account?
Click “page.Sign up” to agree to Cointime’s <a class="underline" href="#term-of-service">Terms of Service</a> and acknowledge that Cointime’s a class="underline" href="#privacy-policy">Privacy Policy</a> applies to you.
Sign in with email
Sign up with email
Your email
Check your inbox
Click the link we sent to to sign in.
Click the link we sent to to sign up.
Morgan Stanley: The Fed is now expected to slow down the pace of balance sheet reduction starting in June
-
Wechat scan to share
-
Wechat scan to share
-
Wechat scan to share
-
Wechat scan to share
-
Wechat scan to share
-
Wechat scan to share
-
Wechat scan to share
-
Wechat scan to share
-
Wechat scan to share
Recommended for you
-
Bitcoin Drops 7% as Wall Street Futures Slide Before Monday’s Open
Bitcoin dipped to an intraday low of $77,098, mirroring the downturn in futures markets as the Dow Jones Industrial average plunged more than 1,500 points.
-
Forbes survey: More than a third of Wall Street leaders oppose Trump's economic policies
Forbes recently conducted an investigation into President Trump's economic policies, contacting 50 of the most influential figures on Wall Street, including billionaire investors, heads of large institutional asset management companies, and top financial advisors in the United States, to understand their views on Trump's economic strategy since taking office. -
A senior Brazilian official: Bitcoin reserves are "crucial" to Brazil's prosperity
according to Decrypt, Pedro Giocondo Guerra, senior advisor to the Vice President of Brazil, stated in a recent speech on behalf of the government: "The strategic reserve of Bitcoin is crucial for the prosperity of the country. Discussions about establishing a BTC reserve may be a key factor in deciding the prosperity of Brazil, in line with the interests of the country and the public." Brazilian congressman Eros Biondini (PL-MG) previously proposed legislation to establish a "strategic sovereign Bitcoin reserve" (RESBit). Holding 5% of foreign exchange reserves (international reserves) in Bitcoin, the Central Bank of Brazil will use advanced monitoring systems, blockchain technology, and artificial intelligence to monitor transactions and be responsible for custody. -
Bitpanda receives broker-dealer license from Dubai Virtual Assets Authority
Bitpanda, headquartered in Vienna, has obtained a broker-dealer license from the Dubai Virtual Asset Regulatory Authority (VARA). -
Deutsche Börse’s Clearstream to Start Offering Bitcoin, Ethereum Custody Services in April
Clearstream, the post-trade division of Deutsche Boerse, announced that it will start providing cryptocurrency settlement and custody services for institutional clients in April this year. -
Citi: Downgrade US stocks to neutral, upgrade China stocks to overweight
Citigroup's strategist has downgraded the rating of the U.S. stock market from overweight to neutral, while upgrading the rating of the Chinese stock market to overweight, citing that "the U.S. exceptionalism has at least been suspended." -
Web3 data and AI company Validation Cloud completes $15 million Series A funding
Web3 data and AI company Validation Cloud announced the completion of a $15 million Series A financing round, led by True Global Ventures, with participation from Cadenza, Blockchain Founders Fund, Bloccelerate, Blockwall, Side Door Ventures, Metamatic, GS Futures, and AP Capital. It is reported that the company's collateral assets have exceeded $1.5 billion, with clients including Chainlink, Aptos, Consensys, Stellar, and Hedera. The new funds will support its expansion in the areas of blockchain intelligence, AI data, and more. -
David Sacks: The U.S. government’s premature sale of Bitcoin has cost U.S. taxpayers more than $17 billion
White House AI and cryptocurrency chief David Sacks posted on social media, "The early sale of Bitcoin by the US government has cost American taxpayers over $17 billion. Now, the federal government will develop a strategy to maximize the value of its Bitcoin holdings." -
Fed Governor Bowman: Be cautious about rate cuts
Federal Reserve Governor Bowman said there are upside risks to inflation and the continued strength of the labor market, indicating that she may not be prepared to support a rate cut at the next meeting of U.S. central bank officials in September. She said that the progress made in reducing inflation in May and June was welcome, but inflation is still above the committee's 2% target, which is disturbing. I will remain cautious when considering adjusting the current policy stance. She also said that U.S. fiscal policy, the pressure on the real estate market from immigration, and geopolitical risks may all put upward pressure on housing prices, and the recent jump in the unemployment rate to 4.3% may exaggerate the extent of the cooling of the labor market.
Daily Must-Read
-
Bitcoin Drops 7% as Wall Street Futures Slide Before Monday’s Open
-
Stablecoin rules needed in US before crypto tax reform, experts say
-
Rethinking Ownership, Stablecoins, and Tokenization from First Principles
-
Crypto Giants Seek Congressional Clarity on US Money Transmitter Rules
-
Massive Bitcoin whale buys $200M in BTC, another wakes up after 8 years
-
Ripple will drop cross-appeal in SEC case, get refund from lower court ruling
All Comments