The Fed does not plan to raise interest rates, and the Treasury will keep long-term issuance unchanged, which will help to suppress the dollar's gains
According to Wu, QCP analysis pointed out that both the FOMC and QRA were more dovish than expected. At the FOMC meeting, Powell said that the Fed does not intend to raise interest rates. For QRA, the Treasury will keep longer-term issuance unchanged, reducing concerns about a surge in long-term yields. This should help to suppress the dollar's gains, which is good for risky assets.
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