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FOMC Day: Everyoneâs Watching Powell. Smart Moneyâs Watching Liquidity.
Most traders obsess over:
Interest rates
Fed speeches
QT (Quantitative Tightening)
But hereâs the truth:
Liquidity has 2 sides.
What the Fed takes away (QT, rate hikes)
What the Treasury puts in (TGA spend, bond issuance)
Net liquidity is what really drives markets.
Ignore it, and you're trading blind.