Oh Yes, The Fed Is The Great Pretender

The interest rate on the 4 week T-bill now stands at 51 basis points as rates continue to edge higher after the mid December Fed rate hike. This rate broke out in November, reaching 40 basis points as of December 13. That was the day before the Fed increased the target on the Fed Funds rate on December 14 to 0.5 to 0.75%.

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