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Incoming: Standing overnight reverse repurchase agreement operations offering rate of 4.8%.

Down from 5.3%, previously. Which has been the standing rate since August 2023.

Short term (~1-3 months) T-bill yields will quickly reflect this new rate.

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Andrew Mastronardi 1y ago

So after the #FOMC are we still #Normalization not #recession ?

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Discussion

Nadia 1y ago

The cut signals that they believe inflation is more under control though not at the 2% target. I think that’s consistent with a ‘normalization’ phase…cautious optimism. I’m no expert so please nostr:npub1k7vkcxp7qdkly7qzj3dcpw7u3v9lt9cmvcs6s6ln26wrxggh7p7su3c04l still jump in here

less 1y ago

Yes. #Normalization, not #recession.