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June 14, 2023, 2:46 p.m.
The problematic regulatory environment for food delivery companies just became moreso in NYC. This is potentially the start of a slippery slope in this industry. But rest assured, the increased costs will simply be passed on to their consumers.
June 14, 2023, 3:01 a.m.
June 13, 2023, 6:53 p.m.
The durability of core inflation within US CPI remains a concern for the Fed! If we annualize 0.4%, we're at 4.8%. Well above any reasonable target for where the Fed wants to see this more sticky inflation. Higher for longer remains the mantra, but a skip tomorrow is likely.
June 13, 2023, 2:18 p.m.
Initial signs are that funds are indeed coming out of bank reserves and not RRP. Therefore the impact is likely to be felt by a drop in overall liquidity. Issuance started last week. So far RRP held relatively steady. So TGA up, RRP flat and more issuance = lower liquidity.
June 13, 2023, 5:18 a.m.