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Inflation Alert! FOMC Forecasts Point to Hot Inflation Despite Promised Rate Hikes. PCI at 3.69%, PCE at 4.74/4.94%, & Core PCE at 4.31% Even with Sweetheart Numbers the Rest of the Year, the Fed's Going to Have to Sacrifice Employment for Price Stability

Good evening Superstonk, I hope everyone had a great day! Going into this week's PCI data, I wanted to share that it looks like the Fed's 2023 forecast for inflation rates is blown out of the water. Buckle up for more rate hikes! MonthCPI Percent Change

FICC-GOV & FICC-MBS Alert! Capped Contingency Liquidity Facility (“CCLF”) Annual Attestation. GSD & MBSD Clearing Members Given Deadline of Sep 20, 2023 to Certify CCLF Obligations. CCLF is a financial safety net.

https://www.dtcc.com/-/media/Files/pdf/2023/7/10/GOV1509-23.pdf Wut mean? * Netting Members of the Government Securities Division (GSD) must submit their Officers' Certificate relating to CCLF obligations by September 20, 2023. * The Officers' Certificate certifies that Netting Members have included their Individual Total

In May, consumer credit (AKA DEBT) increased at a seasonally adjusted annual rate of 1.8%. Revolving credit (credit cards) increased at an annual rate of 8.2%, nonrevolving credit (student loans, mortgages) decreased at an annual rate of 0.4 percent.

Total outstanding hit new all time high $4,864.9B https://www.federalreserve.gov/releases/g19/current/default.htm https://fred.stlouisfed.org/series/TOTALSL https://fred.stlouisfed.org/series/REVOLSL https://fred.stlouisfed.org/series/NONREVNS Wut mean? * Total consumer credit increased at an annual rate of 1.8%

Federal Reserve Alert and Government in the Sunshine Meeting Notice Alert! Closed Board Meeting on July 12, 2023 at 10 a.m. Matter(s) to be Considered: Periodic Briefing and Discussion on Financial Markets, Institutions, and Infrastructure.

Source: https://www.federalreserve.gov/aboutthefed/boardmeetings/20230712closed.htm Closed Board Meeting on July 12, 2023 Matter(s) to be Considered: Periodic Briefing and Discussion on Financial Markets, Institutions, and Infrastructure. Wut mean? (a guess) A briefing on the financial markets (any marketplace where the trading of securities occurs, including

Inflation Alert! June 2023 Survey Reveals Surveyed Consumers Have: Falling Short-Term Inflation Expectations, Holding steady in the Mid-Term but Rising Long-Term, Rising Home Prices, and improving Consumer Financial Outlooks.

https://www.newyorkfed.org/newsevents/news/research/2023/20230710 Wut mean? The June 2023 Survey of Consumer Expectations shows some interesting trends about inflation and home prices. The survey shows that people expect inflation to decrease in the short term (one year ahead), stay the same in the medium term

Fed Vice Chair for Supervision Michael S. Barr Proposes Major Banking Regulation Overhaul.

Proposed changes aim to make banks more cautious in lending and trading practices by requiring them to hold more capital & wouldn't be able to use their own models for certain hard-to-model market risks. Source: https://www.federalreserve.gov/newsevents/speech/barr20230710a.htm Highlights: Barr's speech

FINRA 'Discipline' Alert! Citigroup Violates Rule 606, Over-reports Non-Directed Orders for Six Years (2012-2018), Fails to Maintain Supervisory System for Nine Years (2012-2021). Their Penalty? They received a censure and a $100,000 fine

Source: https://www.finra.org/sites/default/files/fda_documents/2019063024201%20Citigroup%20Global%20Markets%20Inc.%20CRD%207059%20AWC%20lp%20%282022-1671322798409%29.pdf Good morning Superstonk, I hope everyone had a GREAT weekend! I would like to share some more FINRA 'discipline' with y'all, this time