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📈 Macroeconomics

$325.962 billion as of 4/26 ($2,469 billion so far...): An update on the tools the Fed is using to give banks liquidity while 'we' get Inflation & Rate Hikes

$325.962 billion as of 4/26 ($2,469 billion so far...): An update on the tools the Fed is using to give banks liquidity while 'we' get Inflation & Rate Hikes

Good afternoon Superstonk, HAPPY almost Friday! Resident jellyfish back with you for another week's review of the Fed's tools. Let's Hit it! This week's Fed balance Sheet: https://www.federalreserve.gov/releases/h41/20230427/ What we are monitoring: * Discount Window/Primary Credit

Argentina will start to pay for Chinese imports in yuan rather than dollars, the government announced Wednesday, a measure that aims to relieve the country's dwindling dollar reserves. The Economy Minister says the Central Bank is set to save US$1 billion

Source(s): https://buenosairesherald.com/economics/argentina-to-start-using-yuan-to-pay-for-imports https://12ft.io/proxy?q=https%3A%2F%2Fwww.reuters.com%2Fworld%2Fchina%2Fargentina-govt-pay-chinese-imports-yuan-rather-than-dollars-2023-04-26%2F https://www.aa.com.tr/en/economy/argentina-to-pay-for-chinese-imports-in-yuan-instead-of-us-dollars/2882346 Highlights: * Argentina will start to pay for Chinese imports in yuan rather than dollars, the government announced Wednesday, a

Federal Reserve Alert! Federal Reserve Board announces that the review of the supervision and regulation of Silicon Valley Bank, led by Vice Chair for Supervision Barr, will be released on Friday, April 28, at 11:00 a.m. ET

M2 money supply is shrinking! Today's update shows the biggest drop ever on record in growth rate for M2--a negative growth rate of 4.05% versus a year ago. M2 has now contracted on an annual basis for four straight months.

December was M2’s first year-over-year contraction ever. https://fred.stlouisfed.org/series/M2SL https://fred.stlouisfed.org/series/M2SL https://www.federalreserve.gov/releases/h6/current/default.htm TLDRS: Today's update shows the biggest drop ever on record in growth rate for M2--a negative growth rate of

Fed Alert! Expectations and eligibility criteria for Reverse Repo (RRP) counterparties have been updated to clarify that accessing RRP operations should be a natural extension of an existing business model...

The counterparty should not be organized for the purpose of accessing RRP operations. Source: https://www.newyorkfed.org/markets/opolicy/operating_policy_230425 * The Policy on Counterparties for Market Operations has been updated to clarify that, in addition to implementing monetary policy, broader policy goals including fostering financial stability and

Fed Alert! Update to policy on Counterparties for Market Operations and Reverse Repurchase Counterparties: "in addition to implementing monetary policy, broader policy goals including fostering financial stability & ensuring bank safety & soundness"

"in addition to implementing monetary policy, broader policy goals including fostering financial stability & ensuring bank safety & soundness, are considered when reviewing counterparties." Source: https://www.newyorkfed.org/markets/opolicy/operating_policy_230425 * The Policy on Counterparties for Market Operations has been updated to clarify that, in

Federal Reserve Alert! Today, a CLOSED meeting of the Board of Governors of the Federal Reserve System was held under expedited procedures as it was determined that the public interest did not require opening the meeting.

Source: https://www.federalreserve.gov/aboutthefed/boardmeetings/20230424closed.htm $336.9408 billion as of 4/19 ($2,144 billion so far...): An update on the tools the Fed is using to give banks liquidity while 'we' get Inflation & Rate Hikes: Discount Window, Central Bank Liquidity Swaps, Bank