Monday , April 7 2025

Philly Fed

Summary:
Pretty big snap back for Philly Fed in June on the 9b TGA bottom (Reserve Asset top) beginning of the month... remember Mike called June 6th...Policymakers currently trying to stabilize TGA around the 0b level using Extraordinary Measures in advance of a deal to suspend the Debt Ceiling again... having so-so success...Philly Fed Survey Soars To 12-Month Highs, Jumps Most In A Decade https://t.co/QcEPiXnqNb #Money #Finance #Economics #Market— Alen Karabegovic (@AlenKarabegovic) July 18, 2019

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Pretty big snap back for Philly Fed in June on the $139b TGA bottom (Reserve Asset top) beginning of the month... remember Mike called June 6th...

Policymakers currently trying to stabilize TGA around the $200b level using Extraordinary Measures in advance of a deal to suspend the Debt Ceiling again... having so-so success...

Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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