🇺🇸 Bank of America, managing $3.4T, expects the Fed to introduce Reserve Management Purchases at the December FOMC meeting.
This move would boost bank reserves, keep SOFR steady, and avoid reserve shortages.
Positive signal for risk-on markets.
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🇺🇸 Bank of America, managing $3.4T, expects the Fed to introduce Reserve Management Purchases at the December FOMC meeting.
This move would boost bank reserves, keep SOFR steady, and avoid reserve shortages.
Positive signal for risk-on markets.