๐บ๐ธ 3$3.4T Bank of America now expects the Fed to announce Reserve Management Purchases at the December FOMC meeting.
What this means:
๐ฆ More bank reserves added
๐ Prevents SOFR spike
๐ง Avoids reserve scarcity
๐ Bullish for risk-on assets โ including crypto & equities
โก๐ฅ๐

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