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在2025年12月10日,美聯儲宣布將於12月12日開始進行儲備管理購買(RMPs),向系統注入約$40 十億美元的國債,以維持充足的銀行準備金。這些每月購買,專注於短期國債,旨在抵消即將到來的流動性抽離,如稅款支付和非儲備負債的轉變,相關時間表每月約在第9個營業日左右公布。雖然並非直接量化寬鬆,但此舉有效增加了流動性,支持市場運作與風險資產。美聯儲預計,這一較快的步伐將持續數月,然後根據季節性模式和市場狀況逐步縮減。這標誌著一個顯著的政策轉向寬鬆,市場可能將其視為鴿派的流動性信號。$BTC