MACRO
FHLB Issues $304 Billion in a Week as Banks Boost Liquidity
The Federal Home Loan Bank System issued $304 billion in debt last week, according to a person familiar with the matter. That's almost double the $165 billion that liquidity-hungry lenders tapped from the Fed.
The FHLBs are a Depression-era backstop originally created to boost mortgage lending. The system is known as the "lender of next-to-last resort"...

MACRO
Fed’s Williams Says Peak Rate Forecasts Still ‘Very Reasonable’
“That still seems a very reasonable view of what we’ll need to do this year in order to get supply and demand in balance and bring inflation down,” Federal Reserve Bank of New York President John Williams said on Wednesday during a moderated discussion with the Wall Street Journal in New York.
Williams said further increases of a quarter per...