The following chart shows the average daily movement in the federal funds rate over the previous decade.
Click to enlarge.
It's not a bug, it's a feature.
Source Data:
St. Louis Fed: Effective Federal Funds Rate
Click to enlarge.
It's not a bug, it's a feature.
This is when the programmers central bankers declare that they officially hate their end users savers and plan to never fix the problems in their code monetary system. Instead, users savers are forced to adapt to working around these "features."
Source Data:
St. Louis Fed: Effective Federal Funds Rate
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