Apple became the first U.S. company to hit a market capitalization of $2 trillion on Wednesday, after its share price briefly climbed beyond the $467.77 mark needed to reach said milestone. Apple is only the second company in the world ever to reach a …
The kerplunk herd round the world.
Monetary policy can be implemented through outright purchases or sales of securities, which permanently changes the size of the Federal Reserve’s System Open Market Account (SOMA) portfolio.
$3.601B Treasury Coupon Purchase 2020-08-20
This does not include the final settlement of previous forward MBS purchase contracts, which is material because today was the last MBS settlement for August.
We have to be somewhat careful in making too much out of statistics taken at extreme times like these. Massive moves can trigger unreliable noise in them. The second quarter of 2020 qualifies in every possible way. And the numbers it has produced are certainly extreme.Late last week, the Bureau of Labor Statistics (BLS) issued […]
Another weak one.
Despite postmaster general Louis DeJoy confirming he is suspending controversial cost-cutting changes to the United States Postal Services until after the presidential election, Speaker Nancy Pelosi said the House will still meet on Saturday to vote on…
5 day cycle projection 3412.
Monetary policy can be implemented through outright purchases or sales of securities, which permanently changes the size of the Federal Reserve’s System Open Market Account (SOMA) portfolio.
What the Fed did today.