The Federal Reserve buys and sells securities and sets interest rates. It targets borrowing costs, money creation, price stability, and productivity.
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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%
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The Federal Reserve buys and sells securities
And sets interest rates
It targets borrowing costs
Money creation
Price stability
And productivity
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Sources
Notes
- I will update this data weekly, usually Friday morning British time
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