The ‘Dollar’ Is Itself Disturbed

By |2015-06-24T17:51:25-04:00June 24th, 2015|Economy, Federal Reserve/Monetary Policy, Markets|

Yesterday, I briefly surveyed the outward credit risk portion of the “dollar” financing process, so it makes sense to update interbank risk. As you might expect, given hints of redrawing liquidity and a “dollar” disruption, interbank rates jumped in the early part of June. Even the federal funds rate (effective) moved up to 14 bps, the highest fix since early [...]