TREE NEWS reports: The Federal Reserve’s overnight reverse repurchase agreement (RRP) facility took in $1.201 billion on Thursday, October 15, from four counterparties, up from $201 million the previous trading day. The RRP is a key tool the Fed uses to absorb excess cash from money markets and set a floor under short-term rates.
Fed Overnight Reverse Repo Usage Rises to $1.201B
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