If that’s the case, the Federal Reserve did not disappoint. The Fed Funds rate remains near zero-where it’s been since March. And there is virtually no chance of that changing anytime soon. That means we are stuck with CD rates…
Category: Bank Deposits
Deposits Increase at Record Pace
Total deposits in U.S. banks increased 8.5% ($1.2 Trillion) during the first quarter of 2020 and 13.3% for the 12 month period. With interest rates near zero, and much of the influx coming from PPP loans, which by nature will…
What a Difference a Decade Makes
What a Difference a Decade Makes As we approach the end of this year, and the end of another decade, we’d like to reflect on some of the biggest changes we’ve seen over the past ten years. Ten years ago,…