Balance Sheet Benchmarking Books Finance 
MishTalk
DECEMBER 26, 2014
While the benchmark deposit rate was officially lowered from 3.00% to 2.75%, the upper limit that banks can pay for deposits remained unchanged at 3.30%. It may seem strange to have both a benchmark rate and a “floating range” that establishes a cap, instead of just setting a cap, as was the case until very recently.
MishTalk
JANUARY 3, 2014
Had I suggested in 2007 that the Fed balance sheet expansion of $75 billion a month would have been considered "tightening" people would have thought I was nuts. Orwell''s book 1984 was written in 1949. At long last, the Fed has finally started to taper. Here we are. On December 31, I commented Celebrate the New Year: 1984.
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