The Federal Reserve added another $100 billion to its balance, raising the total to nearly $400 billion in two weeks. The U.S. central bank’s balance sheet now stands at $8.733 trillion. At the beginning of its tightening campaign, the balance sheet was $8.965 trillion. Here is the chart:
Archives for March 2023
Watch: Post-FOMC policy meeting with Fed Chair Jerome Powell
First, here is the post-meeting press conference with Federal Reserve Chair Jerome Powell: Now, the Federal Reserve raised interest rates by 25 basis points, increasing the benchmark target rate to a range of 4.75% and 5.00%. The key Federal Open Market Committee (FOMC) statement that everyone was waiting for: “The U.S. banking system is sound […]
Markets expecting quarter-point rate hike at today’s FOMC meeting
The financial markets are penciling in a quarter-point increase to the benchmark federal funds rate at today’s Federal Open Market Committee (FOMC) policy meeting. Here is a snapshot of what investors expect: Looking ahead, the futures market does not see the Fed easing monetary policy until December. But there is one man urging the U.S. […]
Vladimir Putin: ‘We support the use of Chinese yuan in payments’
The de-dollarization push is on! Russian President Vladimir Putin announced during his meeting with Chinese President Xi Jinping on Tuesday that Moscow supports the use of China’s yuan in trade with African, Asian, and Latin American nations. “We support the use of Chinese yuan in payments between Russia and countries of Asia, Africa, and Latin […]
Got Big Brother? CDC Caught Playing COVID-19 Spy Games
By: Jeff Charles The Centers for Disease Control and Prevention (CDC) is likely the last agency most people would expect to be involved in surveilling Americans. Yet, according to reports, this is precisely what occurred during the COVID-19 pandemic. The CDC reportedly purchased data from tracking companies to assess compliance with COVID-19 restrictions, according to contracts with […]