FED holds steady on cutting rates. Does stealth loosening of credit conditions. AIA Weekly 5.4.24

The FED kept rates steady during last week's FED meeting. However, they did lower the amount of the QT, which is loosening the financial conditions.

They did this to help the Treasury, which is having a hard time selling the deluge of new Treasury debt being issued because of the US government's out-of-control spending.