HOW THE FED FINALLY TOOK BACK CONTROL OF THEIR BENCHMARK INTEREST RATES!
It seems that during the week of the 16 th of September, the Fed’s tightening policy finally started to play through the US financial system.
source Zero Hedge
The IOER is the Interest rate that the FED pay on Excess reserves that the banks have got on the Fed books. In this article, we shall give you an account of what happened the week of the 16 th of September, why it happened and what were the various responses of the Federal Reserve And we shall look at how things should normalize going forward for this other liquidity problem to finally disappear.
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