Nikolaos Panigirtzoglou, a JPMorgan strategist, discussed recent changes in the U.S. M2 money supply, noting a temporary rebound after a decline in April. He expects U.S. liquidity to contract again, as it did in 2022, driven by ongoing Fed quantitative tightening (QT) and slowing bank lending growth. JPMorgan strategist sees U.S. liquidity contracting ahead Nikolaos Panigirtzoglou, (…)
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