Deutsche Bank Anticipates Fed Ending QT at December FOMC Meeting
The bank projects the Federal Reserve will halt quantitative tightening in December, a development some view as supportive for Bitcoin prices.
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Fact Check
The Reuters article from January 5, 2024, explicitly states, 'Analysts at Deutsche Bank said on Thursday the Fed may end QT as ... December 2024'. This directly corroborates the statement that Deutsche Bank anticipates the Fed ending its quantitative tightening (QT) program in December.
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Terms & Concepts
- Quantitative Tightening (QT): A monetary policy tool where a central bank reduces the amount of money in circulation by selling assets or letting them mature without reinvestment.
- FOMC Meeting: A gathering of the Federal Open Market Committee, which sets U.S. monetary policy including interest rates and asset purchases or sales.
- Bullish: A market sentiment indicating expectations of rising prices for an asset, such as Bitcoin.