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What happens when the Fed tapers? That is the billion (or trillion) dollar question. Before we delve into the possible outcome(s) though, we must first understand what tapering means.
For market participants trading Micro WTI Crude Oil futures, Bob Iaccino ranks the top 5 data points to consider.
“Crude oil is a pure supply and demand market, but the dynamics of both supply and demand can shift based on many factors,” says trader Bob Iaccino.
The debt ceiling debate in Congress is becoming louder, and markets are beginning to price a premium on U.S. debt by the end of the year. The Treasury is spending down its cash holdings by $1.5 trillion, the lowest level in recent times. The Federal Reserve reverse repo activity is at an all-time high to mop up the Treasury’s cash spending.
CME Group’s Secured Overnight Financing Rate (SOFR) Term Rates have seen extensive client interest since the Alternative Reference Rates Committee (ARRC) endorsed them on July 29, with the move marking the last step in the ARRC’s Paced Transition Plan from LIBOR.
In the midst of this year’s Russell Reconstitution, we took a look at the importance of the annual event. And now that the results of this year’s recon are in, there are some key statistics worth highlighting.