by sslifer | Mar 29, 2019 | Federal Reserve, Interest Rates, NumberNomics Notes
March 29, 2019 The federal funds rate is the overnight rate that banks charge each other to borrow/lend reserves. Some banks have more reserves than they need. Others (principally large banks) are short of reserves and must borrow from other banks in the system,...
by sslifer | Mar 29, 2019 | Housing, Interest Rates, NumberNomics Notes
March 29, 2019 Right after the election in November 2016 mortgage rates jumped quickly from 3.5% to 4.2% as market participants believed that President Trump’s proposed individual and corporate income tax cuts. repatriation of corporate earnings currently...
by sslifer | Mar 29, 2019 | Federal Reserve, Interest Rates, NumberNomics Notes
March 29, 2019 The yield on the 10-year note has fallen 0.9% in the past couple of months from 4.9% to 4.0% in part because the Fed said that it was done tightening and the funds rate would be unchanged for the foreseeable future. At the same time the 20% correction...
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