Fed Reviews Financial System as Year End Approaches
As the year end nears the Fed quietly stepped into the money markets today injecting about $6.8 billion through a repo operation. The goal is simple to prevent any stress in overnight funding rates during the holiday period and keep the system running smoothly.
This move is short term and technical in nature but markets still watch it closely because liquidity is especially important for risk assets like crypto. For now it appears to be routine maintenance rather than a major policy shift.