Fed’s Key Rate Slips Closer to Zero, Raising Prospect of Tweaks (M2 Velocity Sinks To 1.123)
by confoundedinterest17 (Bloomberg) — The key benchmark that the Federal Reserve targets to control monetary policy dropped for the first time this month, dragged down as growing imbalances in the Treasury-bill market weigh on short-term dollar rates. The effective fed funds rate, which the …
