What Does It Mean If The Fed Might (Have To) Be Ready To Move Past IOER?
March 02, 2019 at 17:54 PM EST
More than any conundrum in the bond market, the Federal Reserve has one on its hands much closer to home.The effective federal funds rate (EFF) has been stapled to IOER for each of the last fifty trading days. No variation whatsoever.
