Fed Discount Window Weekly Update
This week’s Primary Credit activity at the Fed’s Discount Window:
This week’s primary credit balance was $2.1 billion, down from $2.4 billion a week ago.
It appears that the Fed will lower rates in September. The Fed has already slowed the pace of QT. Further, the money supply as measured by M2 has been expanding since October 2023 (second chart). The Fed has been easing. Don’t allow the Fed’s propaganda to fool you.
