Minutes from the July FOMC meeting suggested the Fed stands ready to raise the $80 billion per counterparty limit on its reverse repo facility.... Read More
During tomorrow's Jackson Hole Symposium, we will be focusing on a secondary aspect to Powell's speech. What kind of off-ramps will he lay out to give the Fed some wiggle room?... Read More
Updating the growth in central bank balance sheets... Read More
A look at Fed purchases versus Treasury issuance during QE1 and QE2... Read More
Updating the growth in central bank balance sheets... Read More
Fed officials reported upside risk to inflation in the most recent Summary of Economic Projections. However, this comes amidst a high degree of uncertainty.... Read More
Updating the growth in central bank balance sheets... Read More
The Fed shifted to a more hawkish stance yesterday. Was this change of heart based on reflation (real growth) or inflation?... Read More
How big are the Fed's holdings of bonds, notes, bills, TIPS, MBS, agencies, and FRNs in relation the outstanding market?... Read More
Updating the growth in central bank balance sheets... Read More
As of March 31, the Fed will close most of its remaining 13(3) emergency facilities. Only the paycheck protection program will remain.... Read More
Yesterday the Fed reiterated its stance on keeping rates at zero. Powell may have also let the cat out of the bag regarding an upcoming announcement on the supplemental leverage ratio.... Read More
Updating the growth in central bank balance sheets... Read More
The portion of the Fed's balance sheet with less than a year to maturity grew during the latest round of stimulus.... Read More
Updating the growth in central bank balance sheets... Read More
How big are the Fed's holdings of bonds, notes, bills, TIPS, MBS, agencies, and FRNs in relation the outstanding market?... Read More
The Main Street Lending Facility and Muni Liquidity Facility both saw a last-minute surge in activity as they came to a close near year-end.... Read More
Tracking the Fed's Treasury, MBS, and TIPS purchases since March... Read More
Updating the growth in central bank balance sheets... Read More
As expected, the Fed's Summary of Economic Projections forecasts rates will be stuck at zero through 2023.... Read More