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Overview: Tue, October 04

Daily Agenda

Time Indicator/Event Comment
09:00Logan (FOMC non-voter)Delivers welcoming remarks at Atlanta Fed event
09:00Williams (FOMC voter)Delivers opening and closing remarks at workplace culture event
09:15Mester (FOMC voter)At Chicago Fed payments conference
10:00JOLTS openingsJust a modest decline expected in August
10:00Factory ordersMarginal drop in August
11:004-, 8- and 17-week bill announcementNo changes expected
11:30Year-bill auction$34 billion offering
11:45Jefferson (FOMC voter)Discusses impact of technology on post-pandemic economy
13:00Daly (FOMC non-voter)Takes part in moderated Q&A session

US Economy

Federal Reserve and the Overnight Market

Treasury Finance

This Week's MMO

  • MMO for October 3, 2022

     

    One of the more eye-popping details in the Fed’s latest H.4.1 report was the deterioration in the Fed’s net income.  After reporting weekly net losses averaging just $0.2 billion in the first three weeks of September, the Fed piled up $1.5 billion of red ink in the week of September 28.  The latest weekly deficit was inflated by technical factors to some degree but is a sign of things to come.  This week’s MMO discusses various technical issues related to the Fed’s reporting of its weekly net operating losses. 

MMO Analysis