https://twitter.com/Schuldensuehner/status/1638602513610842116 #Fed raises benchmark rate 25bps to 4.75%-5% target range as expected. Officials still project the fed funds rate will end 2023 at 5.1%. Will not end QT. Fed will continue same pace of reducing treasury, MBS holdings. https://t.co/CyQwU8m3gO via @Schuldensuehner
Twitter
#Fed raises benchmark rate 25bps to 4.75%-5% target range as expected. Officials still project the fed funds rate will end 2023 at 5.1%. Will not end QT. Fed will continue same pace of reducing treasury, MBS holdings.
https://twitter.com/Schuldensuehner/status/1638610416447397889 #Fed's Powell says depositors 'safe,' US banking system 'sound and resilient.' Prepared to use all our tools to keep banking system safe and sound. https://t.co/5lYzeWiqwG via @Schuldensuehner
Twitter
#Fed's Powell says depositors 'safe,' US banking system 'sound and resilient.' Prepared to use all our tools to keep banking system safe and sound.
https://twitter.com/Schuldensuehner/status/1638613326673637382 #Fed's Powell: We considered pause in days up to meeting. Hike supported by 'strong consensus.' Acknowledges that the recent tightening in financial conditions will weigh on activity. https://t.co/GmHroXAGWy via @Schuldensuehner
Twitter
#Fed's Powell: We considered pause in days up to meeting. Hike supported by 'strong consensus.' Acknowledges that the recent tightening in financial conditions will weigh on activity.
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
Twitter
#Fed's Powell: If we need to raise rates higher than expected, we will.
https://twitter.com/Schuldensuehner/status/1638617467659378690 #Fed's Powell: Recent balance-sheet rise not monetary policy related. https://t.co/hT3F4M7DYd via @Schuldensuehner
Twitter
#Fed's Powell: Recent balance-sheet rise not monetary policy related.
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
Twitter
#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…
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
X (formerly Twitter)
Holger Zschaepitz (@Schuldensuehner) on X
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://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
Twitter
#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://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
Twitter
#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://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
Twitter
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…
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
Twitter
#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…
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
Twitter
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…
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
Twitter
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://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
Twitter
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://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
Twitter
#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.
📊 OOPS! #Fed Liquidity has fallen for a 2nd week w/Fed balance sheet srank $21.4bn. https://t.co/TPf19TjWH3
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