by Summary:
May portend an acceptance of the Manuchin deal to put rates on hold and instead increase rate of portfolio roll off.... they need to guarantee positive carry between portfolio yield and IOR or they will think they are "out of money!"... The Fed may tweak the excess reserves rate again before the December meeting https://t.co/9Pxk8LndlE— Bloomberg Economics (@economics) November 29, 2018
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May portend an acceptance of the Manuchin deal to put rates on hold and instead increase rate of portfolio roll off.... they need to guarantee positive carry between portfolio yield and IOR or they will think they are "out of money!"... The Fed may tweak the excess reserves rate again before the December meeting https://t.co/9Pxk8LndlE— Bloomberg Economics (@economics) November 29, 2018
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
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May portend an acceptance of the Manuchin deal to put rates on hold and instead increase rate of portfolio roll off.... they need to guarantee positive carry between portfolio yield and IOR or they will think they are "out of money!"...
The Fed may tweak the excess reserves rate again before the December meeting https://t.co/9Pxk8LndlE
— Bloomberg Economics (@economics) November 29, 2018