Loading ...And the USD.
With increase in bonds I checked to see if the Fed is buying to bring down inflation, what a oxymoron besides the NY Fed desk vs QE and they stopped their QT. Yes they did and said they will pause till end of Sept I’m assuming although NY Fed will maintain the Bank reserves by roll overs.
The Federal Reserve recently engaged in Reserve Management Purchases (RMPs), buying roughly $40 billion per month in short-term U.S. Treasury bills (T-bills). The Fed initiated these purchases to accommodate growing bank reserve demands and maintain ample financial system liquidity, but announced a pause/halt to these specific T-bill purchases.