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NY Fed markets chief: No sign yet Fed needs to change balance sheet plans

NY Fed markets chief: No sign yet Fed needs to change balance sheet plans
Unclear when reserves will grow scarceAll signs suggest reserves remain abundantMoney markets will signal when reserves are growing scarceFed can still do repos to add liquidity if neededStanding repo, conventional repos can address stress quicklyFed rate control tools working well amid recent challengesThe word 'yet' is doing a lot of work in that headline. It's remarkable how quickly the talk shifts to QE when there is stress in the market.As for bonds, US 10-year yields are down 8.3 bps today... Read More
Posted: Oct 10 2023, 13:04
Author Name: forexlive
Views: 092134

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