In a discussion yesterday not on FR, I said there is a reason the Fed paused. Based on all the data, they should not have paused. Suspect is the rollout of FedNow. But...they need a good ole cyberattack to justify it.
Print out your balances today. Just sayin’.
They paused so people wouldn’t wait on buying fed bonds. I read that but I’m not a bond trader. Trying to get people and institutions to buy longer maturity debt/fed bonds. About 5 Trillion looking for safe returns. What’s better than buying up fed paper at 3.5-5% rate with “no risk”. Not sure I believe it but the thing I read said Fed would pause due to that about 3 weeks ago. They did.
“In a discussion yesterday not on FR, I said there is a reason the Fed paused. Based on all the data, they should not have paused. Suspect is the rollout of FedNow. But...they need a good ole cyberattack to justify it.
Print out your balances today. Just sayin’.”
It’s like their narrative on the “America is Racist” BS. If there are no legitimate incidents, they will create one.
I keep having this nightmare...harkening back to the TV Series Jericho.