E.J. Antoni: Only T-bill purchases and money creation continue

E.J. Antoni: Only T-bill purchases and money creation continue
T-bill purchases and money creation

E.J. Antoni comments that, aside from ongoing Treasury bill purchases and the associated creation of money, other activities appear to be on hold.

The statement suggests a focus on current monetary policy actions related to T-bills, with minimal activity elsewhere.

Antoni has previously noted shifts in employment data, pointing out an improvement in the Paychex job index for the fourth consecutive month in June. In a separate analysis, he reported that government workers remained more expensive than private sector employees in Q1 due to higher benefits. These recent observations continue his focus on key indicators in the labor and public sectors.

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