No Signs of Scarcity

Published on June 3, 2024 by Premium

The Fed's most recent Senior Financial Officer Survey clarifies a couple of important signposts that will guide the Fed in managing the end of quantitative tightening. The SFOS is a periodic survey of bank executives on how they manage their reserve levels. The most recent survey revealed the spreads to interest on reserves required by banks to substitute reserves for comparable assets, an action commonly associated with reserve scarcity. The survey also shows which markets […]

Site Footer