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On November 2, the US Treasury said it expects to borrow a net $618 billion from private investors in October through December while running its cash down from $984 billion to $850 billion. The same day, the ISM manufacturing PMI rose to 55.5 with its prices index at 75.2. BlockBlah separates what the two reports say, what we infer, and what is still unknown.
On October 28 the Fed held its policy rate at 3.75% to 4% by a 10 to 2 vote, with two members preferring another 0.25 point hike. The same week, US spot bitcoin ETFs saw about $203 million in net outflows. BlockBlah keeps published facts, its own judgment and open unknowns separate.
