01.11.2025 by BT · Published 01.11.2025 The Fed Hits “Pause” on QT 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....