White House National Economic Council Director Hassett recently made important comments on US economic data. According to the November CPI report, he described the data as "surprisingly good," noting that the US economy is showing an "ideal pattern of high growth and low inflation." More notably, he explicitly stated that wage growth has exceeded price increases, which means inflationary pressures are indeed receding.

Hassett also emphasized that the Federal Reserve has ample room to cut interest rates and pledged that the government will promote lower mortgage rates. His remarks are generally interpreted by industry insiders as an early signal of a policy shift. Specifically, he proposed that the Federal Reserve should "significantly increase transparency," advocating for a more transparent operational process. If this proposal is put into practice, the market will gain stronger policy predictability, which is conducive to the stable deployment of long-term funds.

From the perspective of risk assets, the easing of inflationary pressures clears the way for continued rate cuts, and the strengthened expectation of rate cuts directly expands the imagination space for liquidity release. Meanwhile, the improvement in policy transparency can effectively reduce sudden market risks. This series of signals, when combined, is reshaping market expectations for the future liquidity environment.