Felix Jauvin
January’s FOMC minutes shed light on what the Fed thinks about its bank reserves and its ongoing campaign of QT
All eyes were on Bessent to see if he would change the composition of issuance back toward normalization
Looking at data points that hint at a labor market that continues to remain in balance
FX volatility is believed to be the key exhaust valve of Trump’s tariff and trade policy this year
Everything has been somewhat upside down in recent years, leaving many economists befuddled
One key driver behind talk of a swift end to this cutting cycle is around surprisingly stubborn inflation
One big learning was how high interest rates were actually making inflation worse, rather than deterring it
Going into an FOMC meeting, a constellation of factors come together to affect the event’s price outcome
There’s a lot of confusion as to why the Fed might still be cutting rates despite what looks to be an economy doing pretty well
Something very interesting showed up in the FOMC November meeting minutes this week
Crypto’s calls are equally as juiced as puts, creating a “smile” in the volatility surface
You’ve heard a lot about Trump’s tariff plans and their potential economic impact. Here’s Felix’s take
With respect to today’s FOMC meeting, Powell needs to carefully consider where he wants to attempt guiding yields
Ever since rates came off zero and fiscal deficits exploded, markets have started paying close attention to how the government is funding itself
It’s crucial to look at the broad economy and not just the overnight rate that the Fed talks about
Today’s data points further solidify the notion that the economy is largely doing okay
