The Slosh Grows Again! Reverse Repos At Fed Grow Again Despite Fed TOMO Rate Increase

The Federal Reserve is growing “the slosh” again with its Temporary Open Market Operations (TOMO).

The New York Fed conducts overnight reverse repo operations each day as a means to help keep the federal funds rate in the target range set by the Federal Open Market Committee FOMC.

But, the Effective Fed Funds rate is in the range of the upper and lower bound.

The slosh is growing again.

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