R. Christopher WhalenJun 28, 20237 minProfile: Comerica Inc.If the FOMC raises the target rate for fed funds further, then banks like CMA are likely to come under renewed selling pressure.
R. Christopher WhalenJun 19, 20238 minPowell Ought to Pivot to Bond SalesIf the FOMC raises fed funds further, bank failures and perhaps even a market access crisis for the Treasury are next.
R. Christopher WhalenMar 30, 20236 minQT, Interest Rates & Bank SolvencyAt the Fed, because “confidence” is considered a factor in “policy,” it is OK to fib and obfuscate about the true cost of monetary policy.
R. Christopher WhalenMar 23, 20236 minFOMC Doubles Down on Market RiskTreasury Secretary Janet Yellen and Fed Chairman Jerome Powell are another bank failure or two away from returning to the private sector.
R. Christopher WhalenFeb 27, 20236 minQT & Powell's Liquidity TrapThe Federal Open Market Committee has arguably lost control of monetary policy and has placed America's banks in grave risk.