EconomyThe Fed’s rate freeze means little unless banks fix a repo-market bottleneck
The article argues that the Fed’s rate freeze will mean little unless banks resolve a bottleneck in the repo market. The October 29 settings put interest on reserves at 3.90%, the standing repo rate at 4.00% and the reverse repo rate at 3.75%, all supporting rate control.
The Fed’s rate freeze means little unless banks fix a repo-market bottleneck
Economy