Fed Discount Window Weekly Update
This week’s Primary Credit activity at the Fed’s Discount Window:
This week’s primary credit balance was $1.9 billion, up from $1.8 billion a week ago.
The Treasury market continues to tighten in an effort to counter the Fed’s inflationary monetary policy. The 10-year Treasury yields 4.1%. Our view is that the Fed will take short-rates down sharply in 2025. All the way back to zero percent to make the $36 Trillion National Debt mountain more manageable. Buy physical gold to offset the Dollar’s eroding purchasing power.
