In spite of having cut its target rate to 3.5%, the Fed once again found itself, willingly or unwillingly, needing to drain cash from the system in order to maintain the market for short term funds near the new target. Click here to download complete report in pdf format (Professional Edition Subscribers). Try the Professional Edition risk free for thirty days. If, within that time you don’t find the information useful, I will give you a full refund. It’s that simple. Click here for more information.
Join the conversation and have a little fun at Capitalstool.com. If you are a new visitor to the Stool, please register and join in! To post your observations and charts, and snide, but good-natured, comments, click here to register. Be sure to respond to the confirmation email which is sent instantly. If not in your inbox, check your spam filter.
lee, thanks again…why is the fed funds rate sinking so easily with the
fed draining? abcp money?