Try not to panic.The Fed may practice taking money out of...
Try not to panic.
The Fed may practice taking money out of the system over the next few days. This is just a test - not an emergency.
"The New York Fed announced today that it intends to conduct a series of small-scale repurchase (repo) transactions in the near future with its Primary Dealers, using all eligible collateral types. Just like previous repo and reverse repo operational readiness exercises, this work is a matter of prudent advance planning by the Federal Reserve."
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The Fed may practice taking money out of the system over the next few days. This is just a test - not an emergency.
"The New York Fed announced today that it intends to conduct a series of small-scale repurchase (repo) transactions in the near future with its Primary Dealers, using all eligible collateral types. Just like previous repo and reverse repo operational readiness exercises, this work is a matter of prudent advance planning by the Federal Reserve."
Buy Timing the Market at Amazon.com
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