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Inflation Alert! Fed's Christopher J. Waller: "Inflation Is Stubbornly High" "Almost no progress." "The news on core inflation was similar."

"I do not support stopping rate hikes unless we get clear evidence that inflation is moving down towards our 2 percent objective." Waller's words back hikes. https://www.federalreserve.gov/newsevents/speech/waller20230524a.htm Hike, Skip, or Pause? Governor Christopher J. Waller At the 2023 Santa

Minutes of the Federal Open Market Committee, May 2-3, 2023: "On a four-quarter change basis, total PCE price inflation was projected to be 3.1 percent this year, with core inflation at 3.8 percent." Remember, the Fed's target is 2%...

This is why Fed officials are saying more rate hikes are needed. https://www.federalreserve.gov/monetarypolicy/fomcminutes20230503.htm A joint meeting of the Federal Open Market Committee and the Board of Governors of the Federal Reserve System was held in the offices of the Board of Governors on Tuesday,

SEC chair Gary Gensler on Short-term investment funds and Collective investment funds: "There is no limit on leverage, requirement for regular reporting on holdings to investors, or requirement for an independent board."

https://www.sec.gov/news/speech/gensler-remarks-investment-company-institute-05252023 “Bear in the Woods” Remarks before the Investment Company Institute Gary Gensler Highlights: "There is a saying when you’re in the woods. “You don’t have to outrun the bear; you just have to outrun one of your fellow campers.”"

A deep dive into the shrinking money supply: Banks get sweetheart programs from the liquidity fairy while households are forced to take on debt and in some instances DIE while being priced out of their lives in favor of rising interest rates

A deep dive into the shrinking money supply: Banks get sweetheart programs from the liquidity fairy while households are forced to take on debt and in some instances DIE while being priced out of their lives in favor of rising interest rates to fight an inflation problem the Fed created.

Starting 6/27/23 GameStop Pro Members get 5% extra off: all pre-owned products, all collectibles, trading cards, toys & apparel, all clearance, All GME brand products (no gift cards), all GME Product protection plans in-store.

You can get a 1 year membership for $14.99 today or $25 starting 6/27/2 3 Reddit Post

-$167.2 billion! From March 2023 to April 2023, M2 (U.S. money stock--currency and coins held by the non-bank public, checkable deposits, and travelers' checks, plus savings deposits, small time deposits under 100k, and shares in retail money market funds

Money Stock Measures - H.6 Release https://www.federalreserve.gov/releases/h6/current/default.htm 1. M1 consists of (1) currency outside the U.S. Treasury, Federal Reserve Banks, and the vaults of depository institutions; (2) demand deposits at commercial banks (excluding those amounts held by depository institutions, the

FICC - MBS Alert! As of today, J.P. MORGAN SECURITIES LLC’s JSCX Clearing account has no open trade obligations on the books of the MBS Division of FICC. Effective immediately J.P. MORGAN SECURITIES LLC will terminate its JSCX account.

https://www.dtcc.com/-/media/Files/pdf/2023/5/23/MBS1226-23.pdf From a post earlier today: JP Morgan securities LCC: From January 2019 to July 2022, the firm’s financial risk management controls and supervisory procedures were not reasonably designed to prevent certain erroneous orders that exceeded appropriate