Market Rates Refusing to Follow Fed's Command [Eurodollar University, Ep. 237]

Eurodollar University · May 26, 2022 · 20m

The Federal Reserve, we are told, controls interest rates. We have learned over and over that is not true with long-term rates (e.g. yield curve inversion, Greenspan's "conundrum"). But what about short-term rates? Surely the Fed is in control. No, not really - just look at US Treasury Bills.

----EP. 237 REFERENCES----

Why the Fed Can’t Hike T-bill Rates and What That Really Means: https://bit.ly/3G6DSgV

Alhambra Investments Blog: https://bit.ly/3wh01G2

RealClear Markets Essays: https://bit.ly/38tL5a7

Epoch Times Columns: https://bit.ly/39ESkRf

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