21st December 2021

  • Fed Reverse Repo Usage Rises to Record for Fourth Straight Day

RRP balances rose to an all-time high of $1.758 trillion

Supply-demand imbalance continues to drive demand for facility

https://blinks.bloomberg.com/news/stories/R4FF5VDWRGG0

  • Biden-Manchin Call Seen Possibly Reviving Talks on Economic Plan

Senator and Biden spoke hours after Manchin rejected agenda

West Virginia senator made $1.8 trillion counteroffer

https://blinks.bloomberg.com/news/stories/R4FSHODWRGG1

  • U.S. Economy Loses Fed, Fiscal Props After Powell-Manchin Pivots

Growth headwinds loom from end of monetary, fiscal stimulus

‘Stall’ speed is late-2022 risk scenario, economist Zandi says

https://blinks.bloomberg.com/news/stories/R4EYMVDWLU6D

  • Biden Falters in Push to Reframe Debt Debate, Thwarting Agenda

Treasury chief Yellen had highlighted low interest burden

Manchin aligns with GOP in voicing concerns on enlarged debt

https://blinks.bloomberg.com/news/stories/R4F9WVDWLU6Z

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