PANews, November 9 news, according to Jin Shi reports, JPMorgan's Teresa Ho and other strategists expect that, given that liquidity conditions have returned to normal after the end of October, the Federal Reserve will end quantitative tightening (QT, i.e., reducing the balance sheet) in the first quarter of 2025, previously expected to complete this process by the end of 2024. Both U.S. Treasury bills and repurchase supply have increased, and money market funds are seeking to extend to longer maturities amid weakening easing expectations, all of which have drawn more funds from the Federal Reserve's overnight reverse repurchase tool.
