Banks Borrow Most Since 2008, First Republic Bailed Out, ECB Hikes 50 bps, Recession Odds Climb...
timothychang.substack.com
And just like that, I guess quantitative tightening is over. Over the past 2 weeks, the Fed’s balance sheet has expanded by $300 billion, which has reversed almost half the net amount of its 11-month QT program ($626 bn). There are two major reasons for this change of direction.
Banks Borrow Most Since 2008, First Republic Bailed Out, ECB Hikes 50 bps, Recession Odds Climb...
Banks Borrow Most Since 2008, First Republic…
Banks Borrow Most Since 2008, First Republic Bailed Out, ECB Hikes 50 bps, Recession Odds Climb...
And just like that, I guess quantitative tightening is over. Over the past 2 weeks, the Fed’s balance sheet has expanded by $300 billion, which has reversed almost half the net amount of its 11-month QT program ($626 bn). There are two major reasons for this change of direction.