๐Ÿ“ˆ Macroeconomics

Liabilities and Capital: Liabilities: Earnings Remittances Due to the U.S. Treasury (-26.959 billion as of 2/2/2023)--Let's talk about the Fed's cumulative losses.

Good evening, jellyfish here! I hope everyone is enjoying a wonderful rest of the evening and an awesome start of the weekend. I want to take a minute to discuss a graph I am sure is going to catch some folks attention: https://fred.stlouisfed.org/series/RESPPLLOPNWW For starters,
dismal-jellyfish ๐Ÿ“ˆ Macroeconomics

Federal Reserve Alert! Federal Reserve System voted unanimously to approve a 1/4 percentage point increase in the primary credit rate to 4.75 percent, effective February 2, 2023.

Source: https://www.federalreserve.gov/newsevents/pressreleases/monetary20230201a1.htm The Federal Reserve has made the following decisions to implement the monetary policy stance announced by the Federal Open Market Committee in its statement on February 1, 2023: * The Board of Governors of the Federal Reserve System voted unanimously to raise
dismal-jellyfish ๐Ÿ“ˆ Macroeconomics

Inflation Alert! Inflation in services (where nearly 2/3 of consumer spending goes) jumped +0.6% month-to-month and 7.5% year-over-year to a 40 year high. Inflation is NOT slowing down and data shows it is becoming entrenched in services.

Source: https://www.bls.gov/news.release/cpi.nr0.htm Good afternoon, as the title of the post states, approximately 2/3 of consumer spending goes into services and as we will see below, inflation is still running rampant! Things like housing, healthcare, insurance, education, streaming services (for example HBO
dismal-jellyfish ๐Ÿ“ˆ Macroeconomics

Inflation Alert! The New York Fed released the December 2022 Survey of Consumer Expectations, which shows that inflation expectations continued to decline in the short term and were unchanged over the medium term.

Source: https://www.newyorkfed.org/newsevents/news/research/2023/20230109 Wut mean? Median one-year-ahead inflation expectations declined to 5.0 percent Medium-term expectations remained at 3.0 percent Five-year-ahead measure increased to 2.4 percent Reminder, these are all above the Fed's target rate of 2% inflation... The
dismal-jellyfish ๐Ÿ“ˆ Macroeconomics

Inflation Alert! Federal Reserve Governor Lisa Cook in speech: 'Inflation remains far too high, despite some encouraging signs lately, and is therefore of great concern.'

'inflation could become a nonstationary time-series process if inflation expectations were to become de-anchored.' Source: https://www.federalreserve.gov/newsevents/speech/cook20230106a.htm I am particularly pleased to be here today for multiple reasons. I think most of us feel some nostalgic pull to these meetings, though I
dismal-jellyfish ๐Ÿ“ฐ News