America’s banks are missing hundreds of billions of dollars

Re:America’s banks are missing hundreds of billions of dollars by AnimalMuppet on Wednesday March 22, 2023 @09:35AM (#35260786)

The Fed controls one[1] specific, very short term interest rate. The other rates are determined by the market, though they do take the Fed rate into account.

[1] Normally. Sometimes the Fed does something like Operation Twist or QE or something, where they intervene in the markets of other rates. But that is not the normal way this works.

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Re:America’s banks are missing hundreds of billions of dollars by nemo44x on Wednesday March 22, 2023 @11:13AM (#35262268)

> ...though they do take the Fed rate into account.

Understatement of the year. It's based entirely on what they think the Fed will do in the future.

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Re:America’s banks are missing hundreds of billions of dollars by opportune on Wednesday March 22, 2023 @08:08PM (#35268850)

Fed open market operations are entirely to adjust the market conditions regarding rates to what they want them to be. The Fed is participating in these transactions to the tune of trillions of dollars

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