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FICC-GOV,FICC-MBS Alert! GSD Rules & MBSD Rules to clarify that a Settling Bank & a Cash Settling Bank, respectively, may not refuse to settle for itself. The Member shall remain obligated to pay such Cash Settlement amount by the payment deadline

Source Settlement by Settling Banks and Cash Settling Banks Lastly, FICC is proposing to revise GSD Rule 13, Section 5(b) (Funds-Only Settlement Amount Payment Process) and MBSD Rule 11, Section 9(b) (Cash Settlement) to clarify that a Settling Bank and a Cash Settling Bank, respectively, may not refuse
dismal-jellyfish ๐Ÿ“ฐ News

Federal Reserve Alert! From this weeks Fed balance sheet, 'Primary Credit' (the principal safety valve for ensuring adequate liquidity in the banking system) jumped over $7 billion this week.

Federal Reserve Alert! From this weeks Fed balance sheet, 'Primary Credit' (the principal safety valve for ensuring adequate liquidity in the banking system) jumped over $7 billion this week. This is a change of 16.09% from last week and 1.14K% from one year ago. Good evening
dismal-jellyfish ๐Ÿ“š Due Diligence

'One factor that is likely helping to stabilize the financial system is the existence of monetary policy tools which could serve as a backup source of liquidity in times of financial stress.'

'One factor that is likely helping to stabilize the financial system is the existence of monetary policy tools which could serve as a backup source of liquidity in times of financial stress.' Governor Christopher J. Waller with a shout out to the Plunge Protection Team (PPT)? Source Reddit
dismal-jellyfish ๐Ÿค” Speculation / Opinion

Federal Reserve Alert! Speech by Governor Christopher J. Waller: 'We haven't yet made meaningful progress on inflation and until that progress is both meaningful and persistent'

Federal Reserve Alert! Speech by Governor Christopher J. Waller: 'We haven't yet made meaningful progress on inflation and until that progress is both meaningful and persistent, I support continued rate increases, along with ongoing reductions in the Fed's balance sheet' Source: https://www.federalreserve.
dismal-jellyfish ๐Ÿ“ฐ News

Federal Reserve Alert! Governor Lisa D. Cook (in first speech as governor): 'inflation is too high, it must come down, and we will keep at it until the job is done.'

Source: https://www.federalreserve.gov/newsevents/speech/cook20221006a.htm Other callouts in her speech: Despite a large drop in the number of job openings in August, which may suggest that labor demand is moderating, there is still an unusually high 1.7 job openings per unemployed job seeker. Meanwhile, layoffs
dismal-jellyfish ๐Ÿ“ฐ News