Argentina Raises Benchmark Leliq Rate By 300 Basis Points To 78% To Fight Inflation Of 102.5% (While Fed INCREASES Balance Sheet To Fight Banking Crisis)

by confoundedinterest17 Cry for Argentina! Their central bank boosted its benchmark Leliq rate by 300 basis points to 78%. The monetary authority’s board considered the increase in response to accelerating inflation and after leaving the key rate unchanged for several …

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Mortgage Bomb Cyclone! Mortgage Rates Drop 82 Basis Points Since October 21, Yet Purchase Apps Down -17.25% (Purchase Apps Down 36% Since Last Year, Refi Apps Down 85% Since Last Year)

by confoundedinterest17 The mortgage market is behaving like today’s bomb cyclone in terms of the weather. Bomb cyclone in that mortgage rates have dropped 7.16% on October 21, 2022 to 6.34% on December 16, 2022 (a drop of 82 basis points), …

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Pushin’ Too Hard? US Treasury Yield Curve Inverts To -45 Basis Points (Most Inverted Since 2000) Despite Senate Passing “Inflation Reduction” Boondoggle

by confoundedinterest17 Is The Federal Reserve pushin’ too hard on raising their target rate? The US Treasury 10Y-2Y yield curve descended further into inversion, signaling impending recession. The US unemployment rate (U-3) tends to be the lowest when the 10Y-2Y yield …

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FED raises rates 75 basis points…

BREAKING: The Federal Reserve hikes its benchmark interest rate by three-quarters of a point, the biggest increase since 1994. @steveliesman has the details. https://t.co/gd7ybcgPCG pic.twitter.com/glrBrjHdtO — CNBC (@CNBC) June 15, 2022