Weekly Bottom Line

U.S. inflation rose more than anticipated to start the year, on a Consumer Price Index basis, largely due to greater price pressures within the services sector. However, retail spending surprised to the downside in January, suggesting that consumer spending may be less vigorous than the stunning pace of last year. A slowdown in housing starts […]

Treasuries: Who’s Buying And Why It Matters

As the Federal Reserve (Fed) continues with its Quantitative Tightening (QT) program, questions abound regarding the Treasury Department’s expanding funding needs. The QT program is designed to reduce the Fed’s balance sheet — now $7.7 trillion down from $9 trillion — after Treasury notes (mostly) were bought after economic concerns intensified during the COVID-19-related pandemic. […]