US Rates: Fed funds as a gauge of liquidity?

At Any Rate

US Short Duration strategists Teresa Ho and PJ Vohra discuss the Fed’s new tool, Reserve Demand Elasticity, and its use of the fed funds rate and aggregate reserves to measure in real-time the ampleness of reserves in the banking system. They also discuss some interesting findings from MMFs’ September holdings.

Speakers:
Teresa Ho, Head, U.S. Short Duration Strategy
Pankaj Vohra, U.S. Short Duration Strategy

This podcast was recorded on 18 October 2024.

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