A Day After Fed Raises Rates, Reverse Repos Hit New Record

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A partition of currency is continuing to travel into a cardinal slope installation designed to assistance power short-term involvement rates, adjacent arsenic officials expect enactment determination to diminution implicit time.

On Thursday, the Federal Reserve Bank of New York said that a time aft the U.S. cardinal slope pushed up its short-term people rate by a ample 0.75 percent constituent to betwixt 3% and 3.25%, money-market funds and others parked a grounds $2.359 trillion astatine the New York Fed’s reverse repo facility.

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