Category: money

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Interbank market news scan: Are declining Treasury rates indicating an expected fall off in spending?

U.S. Treasury rates The two-year, ten-year, and thirty-year Treasury rates yesterday continued their downward path, according to data from the U.S. Treasury. The two-year rate decreased from 4.13% to 4.07%. The ten-year rate fell from 4.40% to 4.30%, while the 30-year rate fell from 4.66% to 4.55%. (Ready for your next trader challenge? Visit https://traderswithedge.com/?r=348) … Continue reading Interbank market news scan: Are declining Treasury rates indicating an expected fall off in spending?

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Interbank market news scan: The bitcoin bros need to make an argument as to why a bitcoin strategic reserve is constitutional.

Proponents of bitcoin were very excited about the prospects of President Donald Trump creating a bitcoin strategic reserve. This prospect was fueled by support from Senator Cynthia Lummis, Republican of Wyoming, who last year introduced S.4912, the BITCOIN Act of 2024. S.4912 would require the Secretary of the Treasury to establish a “decentralized network of … Continue reading Interbank market news scan: The bitcoin bros need to make an argument as to why a bitcoin strategic reserve is constitutional.

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Interbank market news scan: Trump makes an inflation promise that he can’t keep.

U.S. President Donald J. Trump promised today during his inaugural address that he would address the levels of inflation brought on by government overspending and high energy costs. He offered as a solution the old mantra, “Drill, baby, drill” implying that increases in the supply of American extracted and processed oil and gas would increase … Continue reading Interbank market news scan: Trump makes an inflation promise that he can’t keep.

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DOGE, the Impoundment Control Act, and Trump’s opportunity for a little political warfare.

So, Elon Musk wants to cut the U.S. federal budget by $2 trillion or approximately 29.85%. If we transferred that percentage cut to annualized 2024 3Q federal government consumption expenditures and gross investment of $1893.4 billion, accounting for 6.5% of gross domestic product, government consumption expenditures and gross investment would fall to approximately $1,328.2 billion. … Continue reading DOGE, the Impoundment Control Act, and Trump’s opportunity for a little political warfare.

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Growth in money supply is relatively flat, but is money more expensive?

Between September 2023 and September 2024, M2 money supply went from approximately $18,110.3 billion to $18,151.4 billion, according to data from the Board of Governors of the Federal Reserve System. This amounted to a decrease in money supply of 2.17%. During that period, the money supply dipped as low as $17,923.3 billion in February 2024. … Continue reading Growth in money supply is relatively flat, but is money more expensive?