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Fed’s FOMC Lowers Target Rate By 25 BPS As Repo, SOFR Rates Balloon

This is a syndicated repost courtesy of Confounded Interest . To view original, click here. Reposted with permission.

The Fed is the God of Hellfire!

Liquidity moves markets!

Follow the money. Find the profits! 

The FOMC lower the Fed’s target rate by 25 basis points to 2.00%.

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The NY Fed’s SOFR rate ballooned to 5.25%.

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The GCF Repo Index ballooned to 6%/

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The US Treasury and Dollar Swaps curves remain … kinky.

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On the news, the Dow tanked over 160 points. Is the market signaling too little for the rate cut?

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The Crazy World of … Jerome Powell.

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