2nd February 2022

  • Fed Won’t Be Rushed in Its Hiking Path by Wall Street Frenzy

Fed officials stress they are looking for a gradual tightening

While data-dependent, they rebuff calls for half-point hike

https://blinks.bloomberg.com/news/stories/R6N3SAT0AFB5

  • Goldman Sees QT Fueling Treasury Volatility, Hurting Liquidity

Unwind may also fuel rise in short-term rates, moreso in 2023

Citigroup has said Fed QT to fuel arbitrage opportunities

https://blinks.bloomberg.com/news/stories/R6NA1ADWX2PT

  • White House, Fed Warn January Jobs Will Be Ugly Due to Omicron

Deese, Psaki warn Covid illnesses are counted as job losses

January jobs data were collected as U.S. omicron cases soared

https://blinks.bloomberg.com/news/stories/R6N5WMT0AFB5

  • Bullard Backs March Liftoff, Second-Quarter Balance-Sheet Shrink

Market pricing of five 2022 hikes ‘not too bad a bet’: Bullard

St. Louis Fed chief doesn’t favor a 50 basis-point increase

https://blinks.bloomberg.com/news/stories/R6N4F1DWRGG0

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