The Fed has done an about face in the last few months, not only cutting 50bps – with more to come, stopping Quantitative Tightening – but now, increasing the balance sheet by ~$200B in the past 35 days (to stabilize the overnight rate).Your Rich Uncle is back and he’s bearing gifts! Don’t fight the Fed: … Continue reading Your Rich Uncle is Back From Vacation…
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Your Rich Uncle is Back From Vacation…
The Fed has done an about face in the last few months, not only cutting 50bps – with more to come, stopping Quantitative Tightening – but now, increasing the balance sheet by ~$200B in the past 35 days (to stabilize the overnight rate).Your Rich Uncle is back and he’s bearing gifts! Don’t fight the Fed: … Continue reading Your Rich Uncle is Back From Vacation…