# 美元

A more comprehensive macro framework for 2026: #美元 liquidity is the true "anchor"
If the market in the past few years only focused on #美联储 , then entering 2025–2026, a key change is: US dollar liquidity has shifted from a "quantity issue" to an "intermediation issue."
In other words, what the market lacks is not the dollar itself, but who is willing and able to truly release dollars.
1. US Dollar Liquidity ≠ Federal Reserve Balance Sheet
From an asset-liability perspective, dollars do not flow directly from the Federal Reserve to the market, but are mediated through the balance sheets of G-SI

Breaking! S&P speaks: The Fed and the Central Bank of Canada may both cut rates by 25 basis points this week, will the dollar trend change? 📉

Family, there is big news in the financial world! The well-known rating agency S&P recently predicted that this week the Fed and the Central Bank of Canada are very likely to act simultaneously—each cutting interest rates by 25 basis points💸!

It is important to know that the interest rate adjustments of these two major Central Banks are a "key event" that affects global market nerves, especially the actions of the Fed, which directly relate to the