Balance Sheet Unwind Hits Reverse As Interest Paid To Banks Soars
True to form, the Federal Reserve is taking a rather cautious approach to their balance sheet unwind with this week's System Open Market Account (SOMA) report showing an INCREASE of a $million in the Fed's bloated account holdings. So much for unwinding! If you were wondering how equity markets could be marching to new highs every week in the face of tepid organic economic growth, you have your answer. Today's inflation numbers show that the Federal Reserve still can't seem to generate any inflation in the economy, with core inflation rising only 1.8% year-over-year. Home [...]