Loading ...Emergency FOMC 2/14 … happy valentine’s day (massaa KRE) ?
https://www.federalreserve.gov/aboutthefed/boardmeetings/20220214closed.htm
“Review and determination by the Board of Governors of the advance and discount rates to be charged by the Federal Reserve Banks.”
I saw that on Goldseek and went to the FRB website. They have a regular bi weekly Monday meeting scheduled for Monday. Board of Governors, not FOMC. They could do a discount rate increase but that is always possible every two weeks? Don’t believe it is anything, but guess we will have to wait till Monday to find out.
Good point. For whatever reason, the prospects for a surprise move are being widely debated in some circles. Not so much on twitter from folks I’d expect to comment on the potential. Hopefully we learn more before today’s close. Real rates are at historic negative lows, so something has to give.
“Hopefully we learn more before today’s close” You may be correct about that. A guest on Bloomberg this morning said the 3PM NY FED release of funding schedule should indicate more about the curve and how that would impact possible future rate hikes. I couldn’t get whether he has a particular view one way or other. He wanted to see what borrowing amounts and terms they would be announcing.
Bullard’s remarks yesterday that prompted the selloff, was initially taken to suggest there might be BROADER support within the Fed for action, and why wait with everyone now certain of the March hike? Today however, Bullard is being called “immature and unprofessional”.
Fed Scrambles To Push Back Against Damage Caused By Bullard’s “Immature, Unprofessional” Comments
https://t.co/9ooMFWXeNe
Dave Collum (We are all truckers: honk.)
@DavidBCollum
Finally Bullard gets one right and he gets hammered for it because a few are butt hurt… zerohedge.com/markets/fed-sc…