EUR/USD under the “Whisper of QE”: The Fed as Liquidity Monopolist, the ECB’s Response, and Tariff Stress In the Air: What the Fed Is Hinting At In recent speeches by Federal Reserve officials, a...
Executive Summary Policy rate: Cut by 25 bps; December remains data‑dependent. QT: Halted from Dec 1 after ~3 years of balance‑sheet runoff. UST purchases: Potential targeted, technical buys to smooth money‑market plumbing—not broad stimulus....