Intriguing Climb in Fed Funds Rate
...What has gone on since last week? Are banks starting to lend more? Is there a big bank in trouble? Is the Fed draining reserves? Do banks just want to be paid more? Suddenly, Thursday's H.3 report, the report on Aggregate Reserves of Depository Institutions and the Monetary Base has become a must watch release. It hits at 4:30 PM ET...."