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Ignore the Fed. They often get the reverse results of what they are trying to get.

It is a game of expectations. That is what they play. They do not control the money supply nor do they truly control interest rates, especially the long end of the curve.

Hence what do they really do? Fool people.

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Finance people who get signals from the Fed are mostly those of the traditional type. I forgot the exact year when I stopped following it.

Concerning eurodollar, I enjoy my initial reading on the subject. It is something really new and surprising to me. I wonder why I never encounter this system in reading literature on economics. I think this is one major reason why most people are kept in the dark when it comes to the monetary system. Thank you for introducing the subject to me!