Two economic reports and Fed Activity: Durable Goods: New Orders -1.0% m/m [prior -5.0% m/m]; topping process (month #2) Median New Home Sales: Price +2.7% m/m [prior -9.2% m/m]; slight rebound in a sharp downturn (month #5) Fed Rate Increase: +25 bp Fed Balance Sheet: +94b [+1.1% m/m, prior +3.6% m/m], to 8.73 Trillion. In …
Fed Bank Loss Coverup; Still Early Innings Read More »
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