Powell Powell leading the way
Federal Reserve here to stay.
I’ve been writing for over a year about the economy rebalancing back to its pre-COVID trends. The massive fiscal expansion during COVID and the Fed’s accommodation of that spending via QE is what caused the spike in prices over the last 18 months. Yes, there were supply issues too but the size of the demand […]
The rise of the podcast hasn’t just revolutionized the way in which people engage with prominent figures and how our media consumption is split up – as new data from Statista Advertising & Media Markets Insights reveals, ad-supported podcasting has lon…
The Fed meets this week and is widely expected to raise the Fed Funds rate by 0.25% to a range of 4.5% – 4.75%. The market has factored in a small probability that they do nothing and leave rates alone, but they’ll probably do what’s expected because they’ve spent the last couple of months preparing […]
So here we are: the global credit-asset bubbles are popping, and the illusory “prosperity” generated by the bubbles is about to tumble off a cliff.
If Powell is at this point compelled for more than push back lip service against the markets’ loosening of conditions, it will take something akin to his November 1st hawkish beat down.
CUSIP: 912796YK9Term and Type: 44-Day BillCMB: YesHigh Rate: 4.525%Investment Rate: 4.613%Price: $99.446944Allotted at High: 1.51%Total Tendered: $170,895,045,000Total Accepted: $60,000,662,100Auction Date: 01/19/2023Issue Date: 01/24/2023Maturity Date…
CUSIP: 912796YK9Term and Type: 44-Day BillCMB: YesOffering Amount: 60 BillionAnnouncement Date: 01/17/2023Auction Date: 01/19/2023Issue Date: 01/24/2023Maturity Date: 03/09/2023PDF | XML
Market optimism is likely a false dawn, and the big cross asset short squeeze could certainly prove one dazzling flash in the pan. But financial conditions this loose should not be ignored.
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