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.
nostr:note19th0qqm4v2vumpc8vsh2e4k5t8yj648puyufk9626tnmgt7frgps74pzpz
Mmmh where are the institutions going to hunt for returns next…
So after the #FOMC are we still #Normalization not #recession ?
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
Yes. #Normalization, not #recession.
