Tag: Federal Reserve

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Georgia and the Fed: Is Atlanta putting too much housing supply out there?

The takeaway …. Driving through the streets of Atlanta and new apartment building development appears on the rise. I shudder to think what rents may be for these new developments. I have seen prices for new multi-family developments in the East Atlanta/Inman Park/Reynoldstown area starting at purchase prices in the upper $500K range. Yes, the … Continue reading Georgia and the Fed: Is Atlanta putting too much housing supply out there?

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A reduction in the interchange fee cap may not hurt debit card transactions activity….

The takeaway … Back on 25 October 2023, the Board of Governors of the Federal Reserve System voted to reduce the cap on the interchange fee, a fee received by debit card issuers. 12 CFR 235.2(j) defines the interchange fee as “any fee established, charged, or received by a payment card network and paid by … Continue reading A reduction in the interchange fee cap may not hurt debit card transactions activity….

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Something stands out about foreign exchange broker spreads for the US dollar and Moroccan dirham.

The takeaway … I received a view of my blog from Morocco. That is the cool thing about this blog; I get to engage with people from around the world. I have never been to Morocco or the African continent for that matter. My son has been to Morocco and I have family in The … Continue reading Something stands out about foreign exchange broker spreads for the US dollar and Moroccan dirham.

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Foreign exchange, fed funds futures, and bond yields as of 9:35 am EST

The takeaway …. The Federal Open Market Committee is expected to announce no change in the target range for the federal funds overnight rate. The current target range is 5.25-5.50%. The federal funds rate is the rate banks charge for lending their reserves to each other overnight. The current effective (weighted) rate is approximately 5.33%. … Continue reading Foreign exchange, fed funds futures, and bond yields as of 9:35 am EST

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What is the Federal Reserve’s sentiment prior to its November meeting? Does it impact you?

We are in the quiet period here in the United States where the Federal Reserve conducts its media blackout prior to its next Federal Open Market Committee meeting. The markets are expecting at least one more change in the federal funds rate, the rate at which member banks lend each a portion of the reserves … Continue reading What is the Federal Reserve’s sentiment prior to its November meeting? Does it impact you?

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Interbank market: At 8:29 am EST. Federal Reserve reference rates and fed funds options rate.

30-day Federal Funds Futures: 94.55 Interest on Reserve Balances: 5.40% Discount Window Rate: 5.50% Effective Federal Funds Rate: 5.33% EUR/USD: 1.0571 GBP/USD: 1.2202 We will circle back around later today after taking a look at Federal Reserve sentiment and any other political action that may impact the betting markets. Banks broker the bets. Lawyers write … Continue reading Interbank market: At 8:29 am EST. Federal Reserve reference rates and fed funds options rate.

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I heard you should trade like a central bank. Let’s see what the Federal Reserve trading desks are waking up to on 5 September 2023.

The old adage is that 99% of retail traders fail. I believe that we are failing because we are not good at obtaining and trading the most valuable commodity: information and knowledge. That failure is compounded when we push up against the hourglass of time. Continue reading I heard you should trade like a central bank. Let’s see what the Federal Reserve trading desks are waking up to on 5 September 2023.