Fed Funds Rate Archive

Continuing Claims->UE Rate->FF Rate

[Skip to the end] Karim writes: The chart attached shows the last 3 cycles in continuing claims, the unemployment rate and the FF rate. Continuing claims is a coincident to leading indicator of the unemployment rate. Its interesting that in the last two cycles, continuing claims made what appears to be a ...Read More

Re: The Sunny Side

[Skip to the end] (an email exchange) >    >   On Tue, Sep 16, 2008 at 10:24 AM, Tom wrote: >    >   Hi Coach, >    >   While financial markets are in a meltdown not unlike the post 9/11 >   experience, >    yes, major deleveraging going on >    >   the good news is that central banks around the world ...Read More

Re: Federal Reserve Announcement

(an email exchange) On Fri, May 2, 2008 at 9:44 AM, Jeff wrote: The Fed announced today that, starting May 5th, it was expanding its cash-loan biweekly auctions for banks (Term Auction Facility or TAF) by 50% to $75 billion each auction.  This was the third increase in the four months the ...Read More

FOMC Analysis

On Thu, May 1, 2008 at 7:43 AM, Karim wrote: Sorry for delay—was in transit yday. Recent information indicates that economic activity remains weak. Household and business spending has been subdued and labor markets have softened further. Financial markets remain under considerable stress, and tight credit conditions and the deepening housing contraction ...Read More

Re: WSJ: Greg Ip’s Article

right, it’s a way to keep the ff rate from falling below target, but does nothing for ‘liquidity’ that’s not already being done. seems fomc maybe still struggling with ‘monetary operations’ From: Adam Sent: Tuesday, April 29, 2008 3:59 AM To: a Subject: CS: DEF WORTH A READ – GREG IP ARTICLE ...Read More

Lender of next-to-last resort?

There seems to be an alternative to the discount stigma – is the liquidity problem too big for (orthodox) central banks? The Federal Home Loan Bank System: Lender of Next-to-Last Resort? Morten Bech, Federal Reserve Bank of New York When we look at the FHLB balance sheet, we see a $746b surge ...Read More