Alexandra Harris

3 days ago | news.bloomberglaw.com | Alexandra Harris

Total net income from the Federal Reserve’s System Open Market Account could remain negative on an annual basis in 2025 before returning to positive levels as early as next year, according to new projections from the New York Fed. “In this exercise, SOMA net income remains negative through most of 2025 because the interest expenses on reserve balances, certain other deposits” and reverse repurchase agreements “are higher than the income earned,” the New York Fed said in a report released Tuesday.

3 days ago | bloomberg.com | Alexandra Harris

The Marriner S. Eccles Federal Reserve building in Washington, DC, US, on Sunday, Jan. 12, 2025. The US Treasury market is leading a reset higher in borrowing costs, with potentially wide-ranging consequences. Photographer: Samuel Corum/Bloomberg(Bloomberg) -- Total net income from the Federal Reserve’s System Open Market Account could remain negative on an annual basis in 2025 before returning to positive levels as early as next year, according to new projections from the New York Fed.

3 days ago | gourmettraveller.com.au | Christian Ryan |Brett Stevens |Vivien Walsh |Alexandra Harris

“Here, we’ve taken delicate Tasmanian wallaby and added it to a classic Greek street dish," says chef Christian Ryan. “One of my favourite challenges at Restaurant Maria is bringing in unique local ingredients that may not have regularly – or ever – graced some of the Mediterranean’s most authentic dishes,” says Ryan.

1 week ago | news.bloomberglaw.com | Alexandra Harris

The US Treasury Department cut the size of its four- and eight-week bill auctions, the beginning of what’s likely to be a series of reductions as the government seeks to preserve its borrowing authority under the statutory debt ceiling. The Treasury on Tuesday said it plans to sell $75 billion of four-week bills on Thursday, $10 billion less than the previous offering at that tenor. It will also offer $65 billion of eight-week bills, which is $10 billion less than the previous auction.

1 week ago | bloomberg.com | Alexandra Harris

A flag with the seal of the Treasury Department in Washington, DC. (Bloomberg) -- The US Treasury Department cut the size of its four- and eight-week bill auctions, the beginning of what’s likely to be a series of reductions as the government seeks to preserve its borrowing authority under the statutory debt ceiling. The Treasury on Tuesday said it plans to sell $75 billion of four-week bills on Thursday, $10 billion less than the previous offering at that tenor.