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.
The Fed has backed itself not into a corner but to the edge of a precipice.Though the Federal Reserve never stated its Grand Bargain explicitly, their actions have spoken louder than their predictably self-serving, obfuscatory public pronouncements.&nb…
The New York Fed today announced that the Secondary Market Corporate Credit Facility (SMCCF) will begin buying corporate bonds on June 16.
Gold prospectors look for the mother lode on the range. There are a couple of mining picks for them to swing. Subscribers, click here to…
By early Monday morning, the ES futures were trading at 2966, and had traded as low as 2925. 2950 is now critical support. If New York fails to hold that, then the market would be in crash mode again. What would the target of that be? And what if 2950 holds? Is it still bearish?
And that’s just the stock market.
Dicsucs.
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.
Fed QE $2.401B TIPS Purchase 2020-06-15 NY Fed treasury securities operations
Fed QE: $1.739 B Coupon Purchase 2020-06-15 NY Fed treasury securities operations
The COVID 19 pandemic is, predictably, worsening again in much of the US. Only the Northeast, and to a lesser extent some Midwestern states, have…