The content is simply amazing! The best central bank activity summary you can find out there and it is FREE! Reading through the content you can quickly realize how much effort FX is putting into it.
Awesome content! Very thorough and detailed breakdown of macro drivers.
For next week's FOMC meeting, all the talk is around rate policy and pivots. But do you think the Fed could use action/comments on the balance sheet and QT to try and tighten financial conditions? Powell has specifically called out loosening financial conditions, and I imagine they do want to pause rate hikes to assess the impact to the economy.
So maybe there is a more direct link to impacting the financial markets/conditions via balance sheet discussion, and how that might impact fixed income and equities.
To be honest, I have no idea what's on the Fed's mind: every one of them has seen financial conditions tightening and compared to that their pushbacks seemed half-hearted and a bit lame. For now they are probably looking at inflation (coming down), GDP (still not crashing), how the balance sheet reduction is going (pretty smoothly), and they're happy with what they're seeing, so there's no real reason to bring out hard rhetoric or change anything.
But to be honest: my guess is as good or bad as anyone's.
The content is simply amazing! The best central bank activity summary you can find out there and it is FREE! Reading through the content you can quickly realize how much effort FX is putting into it.
Keep up the good work! I love it!
Thanks a lot!
Awesome content! Very thorough and detailed breakdown of macro drivers.
For next week's FOMC meeting, all the talk is around rate policy and pivots. But do you think the Fed could use action/comments on the balance sheet and QT to try and tighten financial conditions? Powell has specifically called out loosening financial conditions, and I imagine they do want to pause rate hikes to assess the impact to the economy.
So maybe there is a more direct link to impacting the financial markets/conditions via balance sheet discussion, and how that might impact fixed income and equities.
Curious to know your thoughts. Thanks again!
Thank you for the kind words!
To be honest, I have no idea what's on the Fed's mind: every one of them has seen financial conditions tightening and compared to that their pushbacks seemed half-hearted and a bit lame. For now they are probably looking at inflation (coming down), GDP (still not crashing), how the balance sheet reduction is going (pretty smoothly), and they're happy with what they're seeing, so there's no real reason to bring out hard rhetoric or change anything.
But to be honest: my guess is as good or bad as anyone's.
Thanks. Really Great summaries. I have shared your newsletter on my Twitter account !
Thank you for sharing!
Simply the best week after week. Kudos
Thanks 🙏
Thx For Amazing Work .
You are a star!
🙏 Thank you!