Central Banks’ Balance Sheets Shrink Again
Updating the growth in central bank balance sheets... Read More
Updating the growth in central bank balance sheets... Read More
Will the Fed have to actively sell notes and bonds to reduce the Treasury portion of their balance sheet by $60 billion per month? Some rough math suggests they have time on their side.... Read More
Updating the growth in central bank balance sheets... Read More
Updating the growth in central bank balance sheets... Read More
Updating the growth in central bank balance sheets... Read More
Desperate politicians will do desperate things, like attempting to enforce price controls. So, to head this off the Fed will step in with aggressive tightening. And by doing this, they will risk doing what they too often do, hiking rates too much and breaking something.... Read More
Updating the growth in central bank balance sheets... Read More
Updating the growth in central bank balance sheets... Read More
How big are the Fed's holdings of bonds, notes, bills, TIPS, MBS, agencies, and FRNs in relation the outstanding market?... Read More
The Fed doubled the counterparty limit of its repo facility to $160 billion per day at its most recent FOMC meeting. The volume flowing through this facility continues to grow.... Read More
Updating the growth in central bank balance sheets... Read More
Updating the growth in central bank balance sheets... Read More
Today, September 13, starts the payroll survey week, and with it a critical metric for the Fed's taper decision. COVID and Hurricane Ida could produce yet another disappointing report, further stalling the Fed's tapering plans.... Read More
Minutes from the July FOMC meeting suggested the Fed stands ready to raise the $80 billion per counterparty limit on its reverse repo facility.... Read More
During tomorrow's Jackson Hole Symposium, we will be focusing on a secondary aspect to Powell's speech. What kind of off-ramps will he lay out to give the Fed some wiggle room?... Read More
Updating the growth in central bank balance sheets... Read More
A look at Fed purchases versus Treasury issuance during QE1 and QE2... Read More
Updating the growth in central bank balance sheets... Read More
Fed officials reported upside risk to inflation in the most recent Summary of Economic Projections. However, this comes amidst a high degree of uncertainty.... Read More
Updating the growth in central bank balance sheets... Read More