FED Advanced Notice of a Meeting under Expedited Procedures

Federal Reserve ^ | 0/29/2022 | Federal Reserve

[PK1991]

I tried to post a video that explanation the implications of the emergency meeting to discuss the discount rate but it was pulled. So I just posted the government meeting notice for your knowledge and consideration.

[Georgia Girl 2]

They will soon pivot and follow the Bank of England to lower rates.

[bankwalker]

there are rumors flying around about Credit Suisse ... maybe related?

[paulcissa]

Thanks for posting.

Put your head between your knees and brace, brace, brace.

[PK1991]

I saw that also. Credit Suisse is the next Lehman.

[Pete Dovgan]

Could be couple of things:
1) notice to go live with digital currency
2) interest rate adjustment because of economic problems

[tiki]

The election is coming soon and the stock market Fall is killing Democrats. They’re going to try to do something that will save them and that’s most likely an interest rate drop.

[struggle]

Yeah, credit swisse is junk

[Apparatchik]

The 3rd quarter just ended and it is now abundantly clear that we are in a recession.

Biden has single-handedly destroyed everything that Trump built in just two years. And it’s getting worse.

Impeachment is the only recourse now to save our country.

[EEGator]

You want Kamala?

[cuz1961]

Stand by for heavy rolls.

[cockroach_magoo]

The Fed could also increase the purchase of treasuries and/or MBS.

I think this is more likely than a rate adjustment since the treasury and MBS markets are starting to break, and a rate adjustment would be a knock to the Fed’s credibility.

[Pocketdoor]

I did a quick search here... Didn’t find anything about England Fed lowering rates... Saw they started buying some bonds cause pension funds fund are getting margin called. Got a link to rate cut?

[cuz1961]

Why am I getting this classic flashback from Star Trek.

Scotty!!!

More Power !!#

\

I’m giving it all she’s got captain !!

[Cincinnatus.45-70]

Could this (posted earlier) also be related?

https://www.reuters.com/markets/currencies/exclusive-chinas-state-banks-told-stock-up-yuan-intervention-sources-2022-09-29/

[blu]

So, Brandon...my neighbor is trying to take over one of my five acres. How’s about ya send me a quick million or so...a girl’s gotta eat, ya ol’ freekin’ fool!

[Georgia Girl 2]

Yes, they are moving to QE. Printing $5 billion per month up to $65 billion. The rates will drop. Watch for the Fed to move to QE also. There is no way they can keep raising rates without bringing the whole system down.

Without a major cash infusion the big 5-6 US banks are going bye bye. They hold the silver shorts and billions in derivatives. Its a house of cards.

[nathanbedford]

It seems to me as a worst-case scenario, the Chinese sale of dollar-denominated assets, especially government bonds, will drive up the price of those bonds and conceivably lead to a sovereign debt crisis in America if coupled with similar actions by the Japanese,Brits and other nations whose currencies are under pressure.

[Theoria]

These meetings under expedited procedures are pretty standard. The UK will have a Lehman moment very soon. The bond vigilantes are not happy at all.

[jdsteel]

“ The election is coming soon and the stock market Fall is killing Democrats. They’re going to try to do something that will save them and that’s most likely an interest rate drop.”

The announcement of a successful soft landing and suspension of any further increases would do the same.