Overdrafts hit record highs! Employment is far from ideal! Overdrafts rose to an average of $6.6 billion in the two periods ending in February, and briefly spiked to $11.9 billion in the week ending March 6, the highest in four years, according to the Federal Reserve.

Federal Reserve data showed that in the two months ending February$BTC Overdrafts rose to an average of $6.6 billion over the period, and briefly spiked to $11.9 billion in the week ending March 6, a four-year high. In September 2019, increased government borrowing and corporate tax payments created a reserve shortfall. That caused a five-fold spike in key lending rates and the federal funds rate to surge above its target range, forcing the Fed to intervene to stabilize the market.#币安7周年