Cryptocurrencies: 5,988
Markets: 545
Marketcap: $ 539.84 B
24h Vol: $ 70.91 B
BTC Dominance: 60.99%

Global market data

Cryptocurrencies: 5,988
Markets: 545
Marketcap: $ 539.84 B
24h Vol: $ 70.91 B
BTC Dominance: 60.99%

[ZEROHEDGE] Here Comes More Fed Easing: JPMorgan Expects Fed To Extend QE Maturity In December Meeting

Zero Hedge

Here Comes More Fed Easing: JPMorgan Expects Fed To Extend QE Maturity In December Meeting

Tyler Durden

Mon, 11/16/2020 – 13:20

Over the weekend we showed in simple terms why the Fed will have to adjust – and expand – its QE: as the following BofA table makes abundantly clear, in a time when foreign demand for US Treasurys continues to decline (with China’s current account moving into a deficit, it will be far more focused on finding its own foreign investors rather than funding US deficits), the US is set to issue a net $2.4 trillion while the Fed will monetize less than $1 trillion of this, a stark reversal from 2020 when Jerome Powell is purchasing every dollar of debt sold by Mnuchin.

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