Ms. Zobel said those who are parking cash at the Fed right now will likely turn to private markets as the supply of safe assets such as Treasurys increases and market participants and banks gain more confidence about the economic outlook.

Something’s got to give – Prices or Rates?     After a surprising jump in December, economists expected that pending home sales (signed contracts for homes) would continue to increase in January.  Instead of growing 1.5%, they shrunk ~5%.         Another surprise to economists this week was […]