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Another day, another significant borrowing from the Federal Reserve’s repo facility. This has become a regular occurrence and concurrent with a rise in money market rates due to the cash squeeze I told you about yesterday, there’s a lot of similarities to 2019 and it’s got the Fed on track to not just cut rates this week also possibly terminate the balance sheet runoff – even if Steve doesn’t quite agree.
Eurodollar University's Money & Macro Analysis
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What if your gold could actually pay you every month… in MORE gold?
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https://eurodollar.university
Twitter: https://twitter.com/JeffSnider_EDU
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