🚨BREAKING: FED schedules $16.5BN MBS purchases for next 2 weeks, bringing total thru May 26 to $34.5BN.
— Occupy The Fed Movement (@OccupytheFeds) May 13, 2022
FED's own forecast of MBS principal payments for all May: $24.3BN. No explanation for discrepancy with rates now higher.
Housing inflation continues to soar out of control. pic.twitter.com/KCMFpnOKBA
ISM Services in Contraction for the First Time Since December 2022
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Economic activity in the services sector contracted in April for the first
time since December 2022, ending a period of 15 consecutive months of
growth.
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