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📈 Macroeconomics

Treasury Announces Marketable Borrowing Estimates

Treasury Announces Marketable Borrowing Estimates: During the October – December 2023 quarter, Treasury expects to borrow $776 billion. During the January – March 2024 quarter, Treasury expects to borrow $816 billion.

Source: https://home.treasury.gov/news/press-releases/jy1851 The U.S. Department of the Treasury today announced its current estimates of privately-held net marketable borrowing[1] for the October – December 2023 and January – March 2024 quarters. During the October – December 2023 quarter, Treasury expects to borrow $776 billion in privately-held

Nikkei reports Bank of Japan will contemplate making additional modifications to its yield curve control (YCC) framework.

Nikkei: At its monetary policy meeting Tuesday, the Bank of Japan will contemplate making additional modifications to its yield curve control (YCC) framework. This could permit the yields of 10-year Japanese government bonds to exceed 1%.

Source: https://asia.nikkei.com/Economy/Bank-of-Japan/BOJ-to-tweak-policy-again-to-allow-10-year-yields-to-exceed-1 Highlights: * "The Bank of Japan is set to consider a further adjustment to its yield curve control (YCC) framework at Tuesday's monetary policy meeting, potentially allowing 10-year Japanese government bond yields to rise above 1%, sources close to the

Personal Income and Outlays, September 2023

The Fed’s Favored Core PCE Price Index was up 0.4% in September and is still stuck in the inflationary doldrums. Inflation is not being tamed!

The inflation index most favored by the Fed and the one they base policy actions off of, the core PCE price index (excludes food and energy products), re-accelerated in September from August (0.1% to 0.3%), as consumers continue to spend more and more on goods and services: Inflation

Bureau of Economic Analysis Q3 2023 GDP (Advanced Estimate): +4.9% Growth.

Bureau of Economic Analysis Q3 2023 GDP (Advanced Estimate): +4.9% Growth.

Real gross domestic product (GDP) increased at an annual rate of +4.9% in Q3 of 2023 (following a +2.1% increase in Q2 of 2023), according to the "advance" estimate released by the Bureau of Economic Analysis today. Wut Mean? * Consumer spending (~70% of GDP) jumped +4%

The Fed requests comment on a proposal to lower the maximum interchange fee. For example, the cap on an average-sized $50 debit card transaction would decline from 24.5 cents under the current rule to 17.7 cents under the proposal.

Summary of Proposed Rule: Congress has required the Board to establish standards for assessing whether the amount of any interchange fee received by a debit card issuer is reasonable and proportional to the cost incurred by the issuer with respect to the debit card transaction. The statutory provision – known as

Bank of Canada holds interest rates

Inflation Alert! The Bank of Canada today held its target for the overnight rate at 5%, with the Bank Rate at 5¼% and the deposit rate at 5% and is continuing its policy of quantitative tightening.

The Bank of Canada today held its target for the overnight rate at 5%, with the Bank Rate at 5¼% and the deposit rate at 5%. The Bank is continuing its policy of quantitative tightening. The global economy is slowing and growth is forecast to moderate further as past increases

Hedge Fund Industry Asset Flow Report: August 2023

August was the 15th consecutive month of net outflows for the hedge fund industry. Investors removed an estimated net $6.10 billion from hedge funds in August. Since 1/1/2022, Investors have removed $169.68 billion from hedge funds.

Hello, I hope your Tuesday is off to a great start! A quick fun fact before getting started: October 24th is the anniversary of the first transcontinental telegraph (completed October 24, 1861). The inaugural message going 'coast to coast' for the first time was from Stephen J. Field