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Economy Statement By Eric Van Nostrand, US Acting Assistant Secretary For Economic Policy, For The Treasury Borrowing Advisory Committee July 31, 2023

Date 31/07/2023

INTRODUCTION

The U.S. economy continued to show resilience and strength in the second quarter of 2023.  Real GDP grew for the fourth consecutive quarter, picking up slightly from the pace in the first quarter.  Labor markets remained tight: payroll job growth was strong and unemployment rates remained near historically low levels.  Labor supply—particularly among prime-age (ages 25-54) workers—increased while labor demand cooled modestly, though high levels of job openings indicated that demand remains firm.  Although inflation remained elevated in the second quarter, it has eased over the past several months.  Measured year-over-year, headline inflation was the lowest since April 2021, reflecting a significant reduction in energy and food prices.  And while core inflation remains above the Fed’s target, price pressures on other goods have eased on balance.  Furthermore, inflation for housing rent as well as other core services has slowly eased.  While much remains uncertain, this progress indicates that a path toward a “soft landing” remains viable.

US Treasury Announces Marketable Borrowing Estimates

Date 31/07/2023

The U.S. Department of the Treasury today announced its current estimates of privately-held net marketable borrowing[1]for the July – September 2023 and October – December 2023 quarters.

MIAX Options, MIAX Pearl Options And MIAX Emerald Options Exchanges - New API Access To Member Firm Portal And Related Fees

Date 31/07/2023

Effective August 1, 2023, MIAX Options, MIAX Pearl Options, and MIAX Emerald Options will begin providing access to its Member Firm Portal via an Application Programming Interface (“API”) in addition to its current web-based user interface. Member Firm Portal is a service for Members to perform certain functions such as modifying Market Maker assignments, risk protections, post-trade details, and other trade-related items. Subscription access to the Member Firm Portal is also available via web-based User Interface (“UI”).

MIAX Exchange Group - Options Markets - Market For Underlying Security Used For Openings On MIAX Options, MIAX Pearl Options And MIAX Emerald Options For Newly Listed Symbols Effective Tuesday, August 01, 2023

Date 31/07/2023

Please refer to the Regulatory Circulars listed below for newly added symbols and the corresponding market for the underlying security used for openings on the MIAX Exchanges. The newly listed symbols will be available for trading beginning Tuesday, August 01, 2023.

US Treasury Releases CFIUS Annual Report For 2022

Date 31/07/2023

The Department of the Treasury, as Chair of the Committee on Foreign Investment in the United States (CFIUS), released its Annual Report to Congress for calendar year 2022.

Nodal Exchange To Launch The First-Ever Washington Carbon Allowance Vintage Specific And Washington Clean Fuels Program Futures Contracts In Collaboration With IncubEx

Date 31/07/2023

Nodal Exchange and IncubEx announced today the planned launch of Washington Carbon Allowance (WCA) Vintage Specific futures and Washington Clean Fuels Program (CFP) futures contracts.

Impressive Earnings Boost NGX Market Cap Up By N1.8trn In July

Date 31/07/2023

Transactions at Nigerian Exchange Limited (NGX) closed the month of July 2023 on a positive note as earnings and dividend declaration from quoted companies helped NGX market cap gain N1.814 trillion.

MIAX Exchange Group - Options Markets - New Listings Effective For August 1, 2023

Date 31/07/2023

The attached option classes will begin trading on the MIAX Options Exchange, the MIAX Pearl Options Exchange, and the MIAX Emerald Options Exchange on Tuesday, August 1, 2023.

Federal Reserve: Senior Loan Officer Opinion Survey On Bank Lending Practices

Date 31/07/2023

Survey of up to eighty large domestic banks and twenty-four U.S. branches and agencies of foreign banks. The Federal Reserve generally conducts the survey quarterly, timing it so that results are available for the January/February, April/May, August, and October/November meetings of the Federal Open Market Committee. The Federal Reserve occasionally conducts one or two additional surveys during the year. Questions cover changes in the standards and terms of the banks' lending and the state of business and household demand for loans. The survey often includes questions on one or two other topics of current interest.

ISDA SwapsInfo First Half Of 2023 And The Second Quarter Of 2023 Review: Summary

Date 31/07/2023

The latest ISDA SwapsInfo Quarterly Review shows that interest rate derivatives (IRD) traded notional and trade count increased in the first half of 2023 compared to the first half of 2022, while index credit derivatives trading activity declined over the same period. This summary provides a high-level overview of key trends for the first half of 2023 and second quarter of 2023. The full report will be published in due course.