22nd December 2023

  • Demand for Fed’s Bank Term Funding Facility Grows to Record High

Use rose to all-time high $131 billion in week through Dec. 20

Facility pricing more attractive as rate-cut bets increase

https://blinks.bloomberg.com/news/stories/S61D63DWRGG0

  • US Money-Market Funds See Second Straight Week of Outflows

Assets fell to $5.87 trillion in week to Dec. 20: ICI

Decline was offset by inflows into retail money funds

https://blinks.bloomberg.com/news/stories/S61B4WDWRGG0

  • Euphoria on Fed Pivot Prospects Ignores the Lagging Hangover

Impact of past hikes is still feeding through to real economy

Debt costs, lower credit availability will weigh on demand

https://blinks.bloomberg.com/news/stories/S4K3DYT0AFB4

  • US Weighs Tariffs on Chinese Electric Vehicles, Other Goods

Biden launched tariff review shortly after taking office

Administration has been seeking warmer relationship with China

https://blinks.bloomberg.com/news/stories/S619IXDWRGG0

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