🚨 Fed Liquidity Operation Today
The Federal Reserve conducted a liquidity operation involving approximately $3.89 billion shortly after the U.S. market open.
These are standard reserve management purchases (typically Treasury bills) aimed at maintaining ample bank reserves — not a new emergency quantitative easing program.
The Fed has been running similar operations regularly under Chair Kevin Warsh to support smooth market functioning, including in the period following rate decisions.
Markets will continue monitoring overall liquidity conditions and policy signals.
What’s your view on the impact for risk assets? 👀
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