Okay as a whipsnapper, I'll bite on behalf of the (rest of?) the unknowing. Anyone care to point out the relevance of 54-64 benchmark for the ignorant?
1954 = when the data history of the Fed funds rate begins
1954-1964 = the decade with the lowest average FF rate before the current era. It's as close as we have to an historical precedent to the current rate stucture, policy-wise
Leaning against Dec 15 EDs at 99.15 sure looks like the layup of the year.
ReplyDeleteBut I have also thought that since 20bp lower so really, what do I know?
DD
Okay as a whipsnapper, I'll bite on behalf of the (rest of?) the unknowing. Anyone care to point out the relevance of 54-64 benchmark for the ignorant?
ReplyDelete1954 = when the data history of the Fed funds rate begins
ReplyDelete1954-1964 = the decade with the lowest average FF rate before the current era. It's as close as we have to an historical precedent to the current rate stucture, policy-wise
Thank you very much.
ReplyDeleteThanks, MM
ReplyDelete