What did the delayed September PCE Report signal about the health of the US consumer? What did it signal about the Fed’s current policy setting?
The Macro Minute with Darius Dale
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Interpretation of Positive SOFR–IORB Spreads
Darius describes how positive SOFR relative to IORB signals reserve scarcity and cash shortages for GSEs and money funds.
Play episode from 05:18
Transcript
