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Ayer, 1 de diciembre, terminó oficialmente el Quantitative Tightening (QT) de la FED. Y esto es enorme para los mercados, porque el QT era lo que drenaba liquidez. Rápido recap: Cuando la FED expande su balance y compra bonos, baja tasas y estimula la economía. Eso es el QE. Cuando deja vencer bonos sin renovarlos, reduce su balance y saca liquidez. Eso es el QT, y lo aplican desde 2022. En estos dos años, el balance de la FED cayó de $8.9T a $6.5T, casi $3 billones menos. Pero ayer el QT termin
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Ayer, 1 de diciembre, terminó oficialmente el Quantitative Tightening (QT) de la FED. Y esto es enorme para los mercados, porque el QT era lo que drenaba liquidez. Rápido recap: Cuando la FED expande su balance y compra bonos, baja tasas y estimula la economía. Eso es el QE. Cuando deja vencer bonos sin renovarlos, reduce su balance y saca liquidez. Eso es el QT, y lo aplican desde 2022. En estos dos años, el balance de la FED cayó de $8.9T a $6.5T, casi $3 billones menos. Pero ayer el QT termin
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