https://twitter.com/Schuldensuehner/status/1638615798779621376 #Fed' s Powell: Fed officials 'just don't' see rate cuts this year. Markets strongly disagree! https://t.co/14OnPWwRTo via @Schuldensuehner

https://twitter.com/Schuldensuehner/status/1638616981690523663 #Fed's Powell: If we need to raise rates higher than expected, we will. https://t.co/BOgemjUuGl via @Schuldensuehner

https://twitter.com/Schuldensuehner/status/1638617467659378690 #Fed's Powell: Recent balance-sheet rise not monetary policy related. https://t.co/hT3F4M7DYd via @Schuldensuehner

https://twitter.com/Schuldensuehner/status/1639016456464769026 #Fed balance sheet keeps rising. Total assets rose by $94.5bn to $8,734bn. Discount window borrowing dropped to $110.2bn from $152.8bn new Bank Term Funding Program jump to $53.7bn from $11.9bn. Loans to banks under FDIC jumped to $179.8bn from $142.8bn. (via @knowledge_vital) https://t.co/5ry9lRLgti via @Schuldensuehner

https://twitter.com/Schuldensuehner/status/1641541537216462848 #Fed balance sheet slightly drops for 1st time in 4 weeks as banking fears ease. Fed loans to banks fall to $152.6bn from $163.9bn: Discount-window loans fall to $88.2bn from $110.2bn prev week & record $152.9bn the week before. Borrowings from BTFP rose to $64.4bn from $53.7bn. https://t.co/LSCEqA0Wa3 via @Schuldensuehner

https://twitter.com/Schuldensuehner/status/1644095490445680640 #Fed’s emergency loans to banks decline to $149bn, a sign that liquidity demand continues to stabilize. Borrowing retreated for 3rd straight week, Fed data show. Discount loans fell, lending through new program BTFP rose to $79bn from $64.4bn the prev week https://t.co/SdJXpg7R80 https://t.co/UOLPQ7ckMi via @Schuldensuehner

https://twitter.com/Schuldensuehner/status/1645028097568174080 Bank run in slow motion continues: Since the #Fed began to raise rates in March 2022, total deposit outflows from the US banking sector is now $967.5bn, almost $1trn, the biggest outflow on record. (via Apollo) https://t.co/PjAQQQoQqj via @Schuldensuehner

https://twitter.com/Schuldensuehner/status/1646243125944373250 #Fed keeps May interest-rate increase on the table despite Central bank’s economists forecast a recession beginning later this year due to fallout from banking system turmoil. Markets see the probability for a May hike at 74% BUT rate cuts later in year. https://t.co/rdjO0xEZq5 https://t.co/2Badclm8ZI via @Schuldensuehner

https://twitter.com/Schuldensuehner/status/1646677253600804865 #Fed’s emergency loans to banks fall for 4th straight week. Borrowing from new facility BTFP falls for 1st time since opening. Combined loans to banks via Discount Window and Bank Term Funding Program were $139.4bn this week, down from $148.7bn prev week. https://t.co/wQz9GKWyGt https://t.co/IJ6e2CTJvB via @Schuldensuehner

https://twitter.com/Schuldensuehner/status/1647030217955844096 When good news is bad news: #Fed tightening assumptions advanced – the market is pricing in 81% odds of a 25bp hike on 5/3 w/year-end Funds Rate of 4.48% (up 14bp vs. Thurs) due to solid bank earnings, which could cause the Fed to focus on #inflation. (via @knowledge_vital) https://t.co/0HPAhD3nRf via @Schuldensuehner

https://twitter.com/Schuldensuehner/status/1649463578993328134 #Fed balance sheet fell by another $21.5bn to $8.6tn, mainly driven by mid-mth maturity UST rolloffs, small declines in MBS holdings, & another step down in foreign repo. Declines were offset by $4.4bn increase in loans extended to banks through discount window & BTFP. (via Jeff) https://t.co/SFtGedkgLa via @Schuldensuehner

https://twitter.com/Schuldensuehner/status/1653824245204394001 Peak Fed rate? #Fed hikes 25bp, which was largely priced in, but is not signaling any more hikes. Forward-looking language is very similar to that used in June 2006, when the Fed mounted one last rate hike during that campaign. Quantitative tightening will continue on pace --… https://t.co/5037InqBDq https://t.co/lp8C5ycG3z via @Schuldensuehner

https://twitter.com/Schuldensuehner/status/1653858975534784512 #Fed's Powell says Fed can’t protect US economy from debt default. https://t.co/23ELVvEW6n via @Schuldensuehner

https://twitter.com/Schuldensuehner/status/1653871607398408195 Looks as if #Fed just ended one of the most aggressive tightening cycles in history: At least markets expect Fed to cut rates from now on. Sees Fed rates 75bps lower at end-2023. https://t.co/hLHvzuBUXY via @Schuldensuehner

https://twitter.com/Schuldensuehner/status/1656763822529564673 OOPS! #Fed emergency bank loans rise to $92.4bn from $81.1bn the prior week as loans from the Bank Term Funding Program (BTFP) rose to a fresh record $83.1bn, while borrowings from Fed’s discount window slightly rose to $9.3bn. https://t.co/iXvuE8szh0 via @Schuldensuehner

https://twitter.com/Schuldensuehner/status/1659297714213908503 #Fed Emergency bank loans rise to $96.1bn from $92.4bn prior week amid ongoing banking stress. Loans from the Bank Term Funding Program (BTFP) rose to a fresh record $87bn, while borrowings from Fed’s discount window slightly drop to $9.05bn. https://t.co/2dtQx14L5u via @Schuldensuehner

📊 OOPS! #Fed Liquidity has fallen for a 2nd week w/Fed balance sheet srank $21.4bn. https://t.co/TPf19TjWH3
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Looks like the markets see the #Fed meeting as dovish. 2y yields sink <4%. https://t.co/G5kt6JARf5
— Holger Zschaepitz (@Schuldensuehner)
Mar 19, 2025

#Fed kept interest rates unch, choosing not to follow the #ECB’s recent rate cut. It continued to describe US growth as “solid,” downplaying weak Q1 GDP report by attributing it to a temporary import spike. Despite rising uncertainty, the Fed’s forward guidance remains unchanged. https://t.co/6C1i31osti
— Holger Zschaepitz (@Schuldensuehner)
May 7, 2025

#Fed's Powell: Don't think we need to be in a hurry to adjust rates. Markets price in next rate cut for end of July. https://t.co/J841wfipZO
— Holger Zschaepitz (@Schuldensuehner)
May 7, 2025