Another O/N Repo tomorrow pre-announced

News

4th day in a row

The repo operation is for an aggregate amount of $75B. The repo will take place at 8:15 to 8:30 AM ET

The repo operations are aimed to help maintain the federal funds rate within the target range of 1.75% to 2%.

Fed Chair Powell chalked up the tight conditions as being technical and likely correct itself over time.   

ForexLive

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