Golden Finance reports that Bank of America strategists Mark Cabana and Katie Craig pointed out in a report that because the amount of reserves the Federal Reserve needs to fill exceeds its current planned bond purchases, money market rates may not return to more normal levels until December 2026.
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Bank of America: US money market rates will not return to normal until December 2026
Golden Finance reports that Bank of America strategists Mark Cabana and Katie Craig pointed out in a report that because the amount of reserves the Federal Reserve needs to fill exceeds its current planned bond purchases, money market rates may not return to more normal levels until December 2026.