FED’S POWELL VAGUE ABOUT WHAT HAPPENS NEXT
–A Quarter-Point Cut and Then Maybe Another One – But Not a ‘Long’ Series By Denny Gulino WASHINGTON (MaceNews) – Federal Reserve Chairman Jerome Powell Wednesday said the day’s first rate cut in a decade is not necessarily the opening gun in an extended series but also not necessarily the only one, depending on whether […]
FOMC DELIVERS ITS QTR POINT CUT DESPITE ‘RISING’ ECONOMY
WASHINGTON (MaceNews) – The Federal Open Market Committee Wednesday delivered a bare-bones statement that aside from the expected quarter-point rate cut information contained less than usual characterizations of the economy, other than activity is “rising,” the labor market continues to be strong and inflation remains below target. The one additional nugget was that the balance […]
US TBAC RPT: 1-YR SOFR LINKER COULD PRICE ‘BETTER’ THAN TSY 1-YR
–US Treasury’s Quarterly Refunding As Expected, Raises $26.7 Bln New Cash WASHINGTON (MaceNews) – In their quarterly refunding announcements Wednesday morning, U.S. Treasury officials again said no decision has been reached on a SOFR 1-year floating rate note while the private-sector Treasury Borrowing Advisory Committee suggested it’s looking forward to it. Treasury has said a […]