“Liquidity in on-the-run bonds [$1 billion-plus deals sold in the past year] has improved, but off-the-run paper [smaller in size and issued more than two years ago] has become virtually untradeable.”
“This case highlights a critical issue for the entire digital asset industry, because there was the misuse of investment pool structures, and the investment pool structure was presented to be decentralized.”
If consumers lose faith in the central bank’s ability to control inflation, the Fed will require more draconian measures to contain tariff-related price spikes.
President Trump announced yesterday that a reprieve which exempts a range of popular electronics from his 125% tariffs on China and 10% rate for the rest of the world is temporary.
“Given ... the likely boost to near-term inflation from tariffs, the bar for cutting rates, even in the face of a weakening economy and potentially increased unemployment, is higher.”
“I have authorized a 90 day PAUSE, and a substantially lowered Reciprocal Tariff during this period, of 10%, also effective immediately,” the president posted on social media.
