Sounds like the Fed has a problem.
-—Fed has a problem? Yup, way problem. Remember last week when the Market got all happy ‘cause Powell was going to cut interest rates——third time he promised after missing the first two this year. This week he got it shoved up his nose and took it back this morning. I guess he couldn’t sell those cheep bonds after all. The Repo man cometh—probly soonish, if we can’t get rid of Heelsup.