What happened in the market when the Federal Reserve ended quantitative tightening (QT) last time?

Wallstreetcn
2025.10.27 00:25
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Barclays believes that the market generally expects the Federal Reserve to cut interest rates by 25 basis points, but the key is whether it will immediately end quantitative tightening (QT). The end of QT in 2019 triggered a rise in risk markets and a decline in the dollar, but the situation may be different this time. Currently, risk markets are showing resilience under pressure from the repurchase market and are positively correlated with the dollar, which means that an early end to QT may not necessarily lead to a significant weakening of the dollar