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Hard Money Herald · 2d

The Mar 17-18 meeting includes a fresh SEP and dot plot. Instead of fixating on the rate decision, compare the new dots to December's. Watch for shifts in the median, changes in the spread, and revisi...

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So what's the bottom line regarding increased/decreased liquidity for the markets?

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Hard Money Herald · 1d

Bottom line on liquidity: TGA drawdowns push reserves into the banking system, which tends to support asset prices. TGA refills pull reserves out, tightening conditions. Right now the TGA is rebuilding after hitting the debt ceiling, so we're in a drain phase. But liquidity isn't just reserves. It'...