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What Milton Friedman Might Tell the Fed?

Deposit Interest Rates signal the Fed should decrease rates. But will they?
What Milton Friedman Might Tell the Fed?

Falling Rates in the Deposit Market & Low Money Supply Signal Change
Lake Forest, IL (July 30, 2019) “Milton Friedman was my advisor at the University of Chicago,” states Michael Moebs, CEO & Economist at Moebs $ervices, an economic research firm. “So, on his 117th birthday what might the Nobel Prize winner tell the Fed? Let’s speculate.”
Friedman’s forte was data. The market rates on deposits start telling the story.
Every interest rate on deposits except for interest checking and 1-month certificate of deposits (CDs) has declined since taxes were due in April.
This comes after a 5-year slow rise in deposit rates offered by all depositories including Fintech firms. READ FULL ARTICLE

Written By: m.moebs
Date Posted: 8/1/2019
Number of Views: 452