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credit market

Federal Reserve, Floor system, corridor system, balance sheet, SOFR, credit markets
Financial Markets, Money & Politics, The Fed & Central Banks

Fed Watchers Should Keep an Eye on the IOER-SOFR Spread

George Selgin/July 25, 2019June 19, 2022

Regular Alt-M readers are no doubt looking forward to the FOMC's announcement next Wednesday. But I doubt they'll be sitting at the edges of their seats between now and then, much less biting their fingernails. Markets have, after all, been anticipating a modest Fed cut ever since…

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