美媒警告美国金融市场流动性偏紧

Core Insights - The U.S. financial market is expected to experience turbulence in September due to tight liquidity conditions [1] - Despite widespread expectations for a rate cut by the Federal Reserve in September, a key indicator of idle funds has remained at very low levels since mid-August, raising doubts about the need for the Fed to inject liquidity [1] Group 1: Market Conditions - As of August 14, the usage of the Federal Reserve's overnight reverse repurchase agreement tool fell below $50 billion, reaching a recent low [1] - During peak periods in 2022 and 2023, the average daily usage of this tool was as high as $2 trillion [1] Group 2: Future Projections - A report from Bank of America’s global interest rate strategy team predicts that by the end of August, the usage of the reverse repurchase tool by the Federal Reserve will drop to zero, with a slight recovery expected in September [1]