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Fed Has No Control- Interest Rates Already Rose, Except For Overnight Money
Thursday, December 17, 2015 8:50
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wallstreetexaminer.com / by Lee Adler •
With the Fed on the verge of making a rate move, Wall Street and big media pundits have missed the fact that rates have already moved. Various types of 30 day commercial paper has risen almost 20 basis points since October and nearly 30 bp since July. 90 day paper has risen by 25-30 bp since October and 30-35 bp since July. Meanwhile overnight money, which is the one area that the Fed purports to control, has barely budged.
The post Fed Has No Control- Interest Rates Already Rose, Except For Overnight Money appeared first on Silver For The People.
Source: http://silveristhenew.com/2015/12/17/fed-has-no-control-interest-rates-already-rose-except-for-overnight-money/
