美国联邦储备委员会将于1月开始购买国债以稳定市场, The Fed will start buying Treasuries in Jan to stabilize markets, sparking inflation and debt concerns.

美国联邦储备银行打算扭转其量化紧缩政策,早在1月开始净购买国库债务,称之为例行开放市场业务而不是量化宽松。 The U.S. Federal Reserve is set to reverse its quantitative tightening policy by beginning net purchases of Treasury debt as early as January, calling the move routine open market operations rather than quantitative easing. 这一转变旨在稳定受到压力的货币市场,特别是保证的过夜融资利率,同时增加国库发行和7.4万亿美元的货币市场资金部门吸收了大部分新债务。 The shift aims to stabilize stressed money markets, particularly the secured overnight financing rate, amid rising Treasury issuance and a $7.4 trillion money market fund sector absorbing much of the new debt. 尽管出现了3%的通胀、强劲增长和7.4%的GDP赤字,但美联储的行动 — — 加上财政部长斯科特·贝森特(Scott Bessent)的激进短期T-债券销售 — — 引发了对事实上的债务货币化、通胀风险和金融压迫的担忧,批评者将战略称为“后门刺激 ” , 并警告长期经济扭曲。 Despite 3% inflation, strong growth, and a 7.4% GDP deficit, the Fed’s actions—combined with aggressive short-term T-bill sales by Treasury Secretary Scott Bessent—have sparked concerns over de facto debt monetization, inflation risks, and financial repression, with critics labeling the strategy "backdoor stimulus" and warning of long-term economic distortions.