Fed
When Will the Fed Return to Profitability?
December 12, 2025
The Fed's losses seem to be slowing, but they have a huge hole to dig out of before they pay off all their IOUs to the Treasury.
The Fed's losses seem to be slowing, but they have a huge hole to dig out of before they pay off all their IOUs to the Treasury.
T-bill issuance is higher on both a gross and net basis, but examining the data on a gross issuance exaggerates the trend.
A majority of central banks are expected to start hiking rates in 2026 despite the Fed outlook for more cuts.
Eli Lilly recently joined the club of companies worth more than $1 trillion.
The pandemic changed things, just as any economic shock does. The switch to remote work is an evolution of economic activity, not a pandemic-related symptom of something amiss.
Updating the changes in central banks' balance sheets
A long-term look at the unemployment rate since 1869
A review of our recently published research
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Jim Bianco joins Bloomberg to discuss Dissent at the Federal Reserve, Affordability, and Reserve Management Purchases with Lisa Abramowicz, Tom Keene, Michael McKee & Bob Michele of J.P. Morgan Asset Management.
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