June 9, 2021 | Daily JAM |
The Federal Reserve’s Revere Repurchase Facility, the way for banks to park short-term money with the Fed overnight, keeps attracting more and more cash from banks. Even though the Fed ways 0% interest. As of June 8 banks were placing $497.4 billion–roughly half a trillion–with the Fed overnight.
The amount parked with the Fed has been growing too. And the total parked each night with the Fed could hit $1 trillion by the end of the second quarter of 2021, according to the Bank Policy Institute
June 10, 2020 | Daily JAM, Long Term, Volatility, You Might Have Missed |
Could this be the first signs that the financial markets are questioning Goldilocks? Investors and traders heard almost everything they could have hoped to hear from the Federal Reserve's interest-rate setting Open Market Committee meeting today. Sure, the Fed didn't...
April 29, 2020 | Daily JAM, Mid Term |
As expected the Federal Reserve left interest rates at their current level of 0%-0.25%. And there were very few changes in the central bank's language. But a few subtle shifts are worth noting, I believe. The Fed said in early April that “We have also committed to...
