Edmund Simms's avatar
$30.7m follower assets
Fed watch | Credit creation, cause and effect | March 8th 2023
The Federal Reserve buys and sells securities and sets interest rates. It targets borrowing costs, money creation, price stability, and productivity.


Latest data: March 8th 2023

TLDR: Last week, the Fed trimmed $20bn net from its Treasury security holdings and trimmed $6bn net from its mortgage-backed security (MBS) holdings. The total amount of Reserve Bank credit shrank by $28bn net.
  • The 10-year Treasury yield fell by 3bp to 3.98%
  • The 30-year fixed-rate mortgage rose by 15bp to 6.65%
  • The market expects the federal funds rate to peak between 6.25–6.5%

I also share this weekly update as a Twitter thread if you prefer.


The Federal Reserve buys and sells securities
Image upload

And sets interest rates
Image upload

It targets borrowing costs
Image upload

Image upload

Money creation
Image upload

Image upload

Price stability
Image upload

And productivity
Image upload



  • I will update this data weekly, usually Friday morning British time
  • Let me know in the comments if you would like something changed or added
  • I also share this weekly update as a thread on Twitter if you prefer that
Modern Growth Investing's avatar
Great share thanks!
Dissecting the Markets's avatar
Love the visuals! I am curious on how the Fed can solve the concerning trend of workers getting a smaller slice of productivity growth.



Already have an account?