money market hierarchy

What Does It Mean If The Fed Might (Have To) Be Ready To Move Past IOER?

By |2019-03-01T19:33:46-05:00March 1st, 2019|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

More than any conundrum in the bond market, the Federal Reserve has one on its hand much closer to home. Its home, anyway. The effective federal funds rate (EFF) has been stapled to IOER for each of the last fifty trading days. No variation whatsoever. EFF had converged with IOER back in October. A lot [...]

The Basis Behind The Forming ECB ‘Pause’

By |2019-01-25T16:04:22-05:00January 25th, 2019|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

These things are all related, not that they are in any way connected by conventional thoughts on the subject of the global economy. Two European officials are now on record hinting at an ECB “pause.” There is one already underway in the US, Federal Reserve officials past and present debating how long it might last [...]