News about Fed

From @CNBC, the day after the #FederalReserve's policy announcement and the Chair's press conference. So much for the effectiveness of the Fed's forward policy guidance. While the concept of forward policy guidance is sound, the way it has been implemented in recent years has… pic.twitter.com/8C1wVHYWEJ

The Fed's general intuitions -- not getting overly excited about the disinflation of the second half of 2023, and then also not getting overly excited about the warming in Q1 2024 -- not looking too bad.

The Fed's balance sheet is now at its lowest level since January 2021, down $1.6 trillion from its peak in April 2022. How much more QT is needed to unwind the massive QE from March 2020 - April 2022? $3.2 trillion. Will that unwind ever happen? Probably not - Fed announced… pic.twitter.com/p4Z8tRZ1FQ

🇺🇸 #FED SWAPS RESUME PRICING IN TWO QUARTER-POINT RATE CUTS IN 2024 - BBG