Total BTFP & OCE didn't drop this week. The Fed paused pulling liquidity from the banks
Now that we know Bullard is leaving the Fed on Aug 14 that's the likely target week when the Fed plans to start dramatically reducing BTFP & OCE liquidity, causing the banking crisis in Sep🤫 https://t.co/lwuGir9xCj pic.twitter.com/om91NKrS9u
— Financelot (@FinanceLancelot) July 13, 2023
BREAKING: Fed's Bullard stepping down in August
(Fed officials did the same thing in August 2008 😏) pic.twitter.com/SGeMWO6EOR
— Financelot (@FinanceLancelot) July 13, 2023
Don’t fight the Fed
The Fed forecasts a 1% drop in core PCE inflation from Q4 2022 to Q4 2023
Since 1960, such a steep decline has always seen a recession pic.twitter.com/VG6IYylfKv
— Bravos Research (@bravosresearch) July 13, 2023