CHINA INSIGHT: Is Xi Fighting Trump With Treasury Sales? No
Summary by Bloomberg AI China directly held $760 billion of US Treasuries as of January, around 9% of such debt held by foreigners. China’s demand for US Treasuries will diminish over time, but it is unlikely to rush to exit now. China has probably suffered mark-to-market losses on its Treasury holdings in the recent market […]
Fed Ready to Help Stabilize Market, Fed’s Collins Says: FT
By Jim Silver 04/11/2025 10:40:58 [BFW] (Bloomberg) — The Federal Reserve “would absolutely be prepared” to help stabilize financial markets if conditions become disorderly, Boston Fed President Susan Collins said in an interview with the Financial Times. • “Markets are continuing to function well” and “we’re not seeing liquidity concerns overall,” Collins told FT
House passes budget resolution, Congress moves toward tax bill draft
America’s Credit Unions April 11, 2025 The House passed its budget resolution 216-214 Thursday morning, following Senate passage last week. The budget resolution is a framework for the federal budget, setting spending and revenue targets, and House passage means Congress can now officially work on its budget reconciliation legislation. The House Ways and Means Committee […]
Powell says there’s no rush to ease more given strong economy
By Reuters February 11, 2025 Feb 11 (Reuters) – The U.S. Federal Reserve is in no rush to cut its short-term interest rate again given an economy that is “strong overall,” with low unemployment and inflation that remains above the Fed’s 2% target, Fed Chair Jerome Powell said in opening remarks prepared for delivery at a Senate […]
DOGE Won’t Be Enough to Get the Federal Debt Under Control
By James A. Baker III and John W. Diamond Feb. 24, 2025 Government debt has exceeded $36 trillion and continues mounting, with no end in sight. This is unsustainable absent dramatic changes in how we allocate our tax dollars. Budget hawks have been rare in Washington since 2010, when the bipartisan Simpson-Bowles commission put forth a […]
Morning Bid: Ukraine ceasefire hopes soften US inflation blow
By Jamie McGeever February 12th, 2025 Feb 13 (Reuters) – A look at the day ahead in Asian markets. Investors banking on the recent decline in U.S. bond yields and the dollar underpinning a rally across risk assets got a stark reminder in the shape of punchy U.S. inflation on Wednesday that interest rates won’t be coming down any […]
Trump 2.0 Flatter and Fatter Distribution Outcome
Donald Trump’s First Term Accomplishments versus Second Term Opportunities: Less Levers to Pull Christopher Combs Chief Capital Market Strategist Silicon Valley Capital Partners Donald Trump’s second term as President of the United States begins under markedly different economic conditions than his first. The economic backdrop of January 2017 offered distinct advantages compared to January 2025, […]
US Money-Market Assets Surpass $7 Trillion for First Time Ever
Alexandra Harris Bloomberg November 14, 2024 US money-market funds now have more than $7 trillion in assets under management, a milestone for an industry that’s skyrocketed in popularity among investors thanks to its lofty and dependable yields. The total rose by roughly $91 billion in the week through Wednesday, putting it at a fresh record, […]
Apollo’s Kleinman Says ‘Open Your Eyes, Inflation Not Tamed’
Dani Burger Bloomberg November 12, 2024 Co-president says strong economy can fuel dealmaking Kleinman says market for individual savers is area of focus Scott Kleinman, co-president at Apollo Global Management Inc., has warned markets not to get too comfortable with the current trajectory of inflation and interest rates. “Inflation is not tamed,” Kleinman said in a […]
Fed to cut rates by 25 basis points on Sept. 18, twice more in 2024: Reuters poll
Indradip Ghosh Reuters September 11, 2024 The Federal Reserve will lower interest rates by 25 basis points at each of the U.S. central bank’s three remaining policy meetings in 2024, according to a majority of economists in a Reuters poll that found only nine of 101 expected a half-percentage-point cut next week. With inflation approaching […]