Interbank Market News Scan: What the fed funds futures market is telling me …

The Federal Reserve Discount Window rate is up to 5.25% after the Federal Open Market Committee decided yesterday to increase … More

Interbank Market News Scan: Inflation slows. Expect Biden to take a victory lap.

Should Mr Biden speak specifically to the inflation report, I expect that he will give some amount of credit to his inflation reduction and infrastructure initiatives that he has been implementing over the past two years. In theory, fiscal spending usually takes 18 months to move through the economy. Inflation, however, is a monetary phenomenon where there is an increase in money supply and not enough production in the economy to absorb the money supply.