5th July 2021
- Fed’s Daly Says Taper May be Warranted ‘Later This Year:’ AP
- Biden Declares Success in Beating Pandemic in July 4 Speech
Independence Day speech to hundreds assembled at White House
President warns of delta variant, urges Americans to vaccinate
- Zoltan Pozsar Sees a $1 Trillion Problem for Money Markets Ahead
The Credit Suisse strategist estimates up to $1.3 trillion of Treasury bills could be rotated into the Federal Reserve’s reverse repo facility by the end of August.
- Beginning of the End of Easy Money: Central Bank Quarterly Guide
Five top central banks already hiked in ’21, three more coming
Inflation concerns have shifted the tone at Fed and elsewhere
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