The Slosh Grows Again! Reverse Repos At Fed Grow Again Despite Fed TOMO Rate Increase

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by confoundedinterest17

The Federal Reserve is growing “the slosh” again with its Temporary Open Market Operations (TOMO).

The New York Fed conducts overnight reverse repo operations each day as a means to help keep the federal funds rate in the target range set by the Federal Open Market Committee FOMC.

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But, the Effective Fed Funds rate is in the range of the upper and lower bound.

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The slosh is growing again.

 

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