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Saturday, August 19, 2023

My Favorite Chart -- Monthly MMF Update -- August 19, 2023

Locator: 45423MMF.
Locator: 45423ECON.

Updates

August 23, 2023: The WSJ now reporting the same story. LOL.

Original Post

Clearly, in uncharted waters.

  • by the way, money in savings accounts / checking accounts --> "zero" federal income taxes.
  • upwards of 5% interest on $6 trillion in MMFs --> not a trivial amount for the US Treasury (?).

My favorite chart, link here.

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