💸 The Fed's balance sheet has shrunk by $29 billion in one week!

▪️ US Treasury Secretary J. Yellen:

- The labor market and inflation indicate that the US economy is on track for a soft landing.

- It looks like the Fed will continue to cut interest rates.

▪️ Head of hedge fund Appaloosa Management:

- The Fed rate cut gives the Chinese central bank more room to implement its fiscal and monetary stimulus (liquidity injection) policies.

- Everyone is actively buying up Chinese stocks now.

📌 Market expectations (#Fed):

- November 7: a 50 bp cut to 4.25-4.50%.

- December 18: a 25 bp cut to 4.00-4.25%.

- January 29, 2025: a 25 bp cut. p. to 3.75–4.00%.

- March 19, 2025: decrease by 25 b.p. to 3.50–3.75%.

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