Fed Reaffirms Inflation Resolve
Minutes from the FOMC’s December meeting include an unusually blunt warning to investors, cautioning against underestimating the Fed’s will to keep interest rates high for some time.
Why the ‘Good’ Jobs News Is Tentative
When people aren’t looking for work, federal data treats them as no longer part of the workforce.
Analyst Who Exposed LIBOR Is Now Targeting SOFR
Large Wall Street dealers already stand to lose $5 million to $10 million if the spread between overnight and term SOFR moves against them by just 1 basis point, and their exposure grows with every new transaction.
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