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Wolf Street

Tag Archive for rate peg

Wall Street hype artists and QE mongers would be deeply disappointed.

QE was a huge gravy train for taxpayers. But then came the hangover.

The share of T-bills outstanding, average interest rate paid on the debt, and cash in the Government Checking Account (TGA).

Amid renewed inflation worries and above-average economic growth.

Too-high home prices cause demand destruction on an epic scale. Buyers’ strike continues in November and December.

Meanwhile, the ECB’s QT marches on, balance sheet has shed €2.45 trillion since the peak, or 59% of its pandemic QE.