๐ณThe Fed is quietly injecting fresh liquidity into the banking system and the timing couldnโt be more suspicious.
QE coming soon? ๐
Banks are tapping Fed facilities again, balance sheet runoff is slowing, and short-term funding injections are starting to look less โtemporaryโ and more like early-stage easing. Liquidity trends almost always turn before the official policy pivot โ and thatโs exactly what weโre seeing now.
If this continues, the market may sniff out QE-lite long before Powell ever says the words.