Money and The Fed

Reports on the Fed and Treasury, primary dealers, foreign central banks, money market and mutual fund flows, and other factors that affect market liquidity

Fed Stays On Course, But Watch Out for the PBoC

With QE virtually ended by year end and a low level of MBS purchases going forward, especially if bond yields increase, the markets will be getting insignificant assistance from the Fed. However, that will not be the case with the world’s other major central banks all of whom pump funds into the same worldwide liquidity…