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54 sats \ 6 replies \ @grayruby OP 7 Aug 2024 \ parent \ on: "Abysmal" Treasury Auction- James Lavish econ
What a bind the fed and treasury are going to be in. Fed will need to cut but no one wants treasuries unless the juice is worth the squeeze.
And, inflation is still over it's target.
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The Fed can be the Treasury buyer of last resort
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Just like the BoJ
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Isn't that nearly all central banks?
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To some extent but the BoJ are the worst and longest offenders.
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