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The Wall Street Journal

A Day After Fed Raises Charges, Reverse Repos Hit New Document

A wall of money is continuous to movement right into a central financial institution facility designed to assist management short-term rates of interest, whilst officers anticipate exercise there to say no over time.

On Thursday, the Federal Reserve Financial institution of New York stated {that a} day after the U.S. central financial institution pushed up its short-term target rate by a big 0.75 share level to between 3% and three.25%, money-market funds and others parked a document $2.359 trillion on the New York Fed’s reverse repo facility.

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