Fed’s Standing Repo Facility (aka emergency liquidity lending) was tapped for $2.6 billion into Quarter end. Fed just cut 50 bp. All is not well.

Fed’s Standing Repo Facility (aka emergency liquidity lending) was tapped for $2.6 billion into Quarter end. Fed just cut 50 bp. All is not well.

“The Federal Reserve Standing Repo Facility (aka the facility for emergency liquidity lending to banks) reactivated for the first… https://t.co/fqgxdtHquL

— Edward Dowd (@DowdEdward) October 1, 2024