Has the FED said, “No more!”? ON RRP growth has totally stalled out starting in June 2022, clinging to a range of $2.2T-$2.3T. Does this mean bank reserves are no longer building? Are banks being forced to move cash somewhere else? Has new money creation slowed that much? End game? What mean?
by Get-It-Got https://www.newyorkfed.org/markets/desk-operations/reverse-repo