🇺🇸 Bank of America, managing $3.4 Trillion, expects the Federal Reserve to announce Reserve Management Purchases during the December FOMC meeting.
This move would increase bank reserves, prevent a spike in SOFR (Secured Overnight Financing Rate), and avoid a reserve shortage.
Positive news for risk-on assets like crypto and stocks.
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BREAKING:
🇺🇸 Bank of America, managing $3.4 Trillion, expects the Federal Reserve to announce Reserve Management Purchases during the December FOMC meeting.
This move would increase bank reserves, prevent a spike in SOFR (Secured Overnight Financing Rate), and avoid a reserve shortage.
Positive news for risk-on assets like crypto and stocks.