AI Data Insight
In November, the US seasonally adjusted M2 6-month growth rate slipped to 4.2703%, further narrowing from the previous 4.5346% and continuing the slowdown trend since the July high. Although short-term momentum is weakening, with market consensus that the Federal Reserve ended quantitative tightening (QT) in December, the liquidity tightening cycle is expected to have bottomed out. Over the next six months, attention must be paid to inflation risks following the release of funds.