/biz/ - Business & Finance

>>51131503
Yeah, exactly, they will raise rates until about 6% and inflation will fall from 9% to 5% and that's where things will stay for a long time...

Even raising the "federal funds rates 100bps a quarter." IS A JOKE.

They are lying to us!!!


>The federal funds rate refers to the interest rate that banks charge other institutions for lending excess cash to them from their reserve balances on an overnight basis.

>By law, banks must maintain a reserve equal to a certain percentage of their deposits in an account at a Federal Reserve bank. The amount of money a bank must keep in its Fed account is known as a reserve requirement and is based on a percentage of the bank's total deposits.

The current reserve requirement is still $0, they need to have ZERO dollars on hadn for your deposits...