Fed Discount Window Weekly Update
This week’s Primary Credit activity at the Fed’s Discount Window:
This week’s primary credit balance was $1.8 billion, up from $1.7 billion a week ago.
The Fed approached its two-year “fight” against inflation with 16-ounce gloves and was about as serious as a half-hearted sparring session.
The Treasury market is tightening in an effort to correct the Fed’s wrongs with the 10-year yielding over 4%.
