Quantitative tightening (QT) officially ended on Dec 1.
By Dec 12, conditions for QE are back in place.
Only 12 days later, the Fed starts $40B in T-bill purchases.
This marks the early stage of a fresh liquidity cycle leading into 2026.
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Liquidity is shifting behind the scenes.
Quantitative tightening (QT) officially ended on Dec 1.
By Dec 12, conditions for QE are back in place.
Only 12 days later, the Fed starts $40B in T-bill purchases.
This marks the early stage of a fresh liquidity cycle leading into 2026.