停止缩表的时机透露信号 联邦基金利率仍是美联储优选工具

Core Viewpoint - The Federal Reserve's decision to halt balance sheet reduction indicates a greater reliance on the federal funds rate as the primary tool for implementing monetary policy and assessing liquidity in the financial system [1] Group 1 - The Federal Reserve will stop reducing its Treasury holdings starting December 1 [1] - Short-term money market rates have remained elevated for several weeks prior to this decision [1] - The Fed plans to continue reducing its mortgage-backed securities (MBS) holdings and reinvest maturing funds into Treasury securities [1]