BREAKING:
๐บ๐ธ $3.4 Trillion Bank of America expects Fed to announce the Reserve Management Purchases in December FOMC meeting.
This will add bank reserves, stop SOFR from spiking and also prevent reserve scarcity.
Bullish for risk-on assets.
๐บ๐ธ $3.4 Trillion Bank of America expects Fed to announce the Reserve Management Purchases in December FOMC meeting.
This will add bank reserves, stop SOFR from spiking and also prevent reserve scarcity.
Bullish for risk-on assets.