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Overview: Mon, October 23

Daily Agenda

Time Indicator/Event Comment
08:30Chicago Fed NAIBack into the plus column in September
11:004-week bill announcementAnother $40 billion offering expected
11:303- and 6-month bill auctionSteady at $42 billion and $36 billion respectively
15:00Treasury investor class auction dataMid-October data

US Economy

Federal Reserve and the Overnight Market

This Week's MMO

  • MMO for October 16, 2017

    This week’s newsletter sketches out our baseline forecast for the decline in reserve balances over the coming year.  Over that timeframe, the size and timing of the decline in reserve balances will be driven as much by movements in the Treasury deposit as by the runoff of the Fed’s portfolio, which means that any forecast is very sensitive to assumptions about Treasury borrowing.  We consider three alternative scenarios for the timing of Congressional action on the debt limit.

MMO Analysis