NY Fed says it will offer $1 trillion in daily repo operations for rest of the month

[tn1911]

https://www.reuters.com/article/health-coronavirus-fed-repo/ny-fed-says-it-will-offer-1-trillion-in-daily-repo-operations-for-rest-of-the-month-idUSL1N2BD1B6


WASHINGTON, March 20 (Reuters) - The Federal Reserve Bank of New York said on Friday it will continue to offer $1 trillion a day in overnight repo operations for the rest of the month, with half of the support being offered in the morning and half in the afternoon.

[utahjeepr]

Ok... no idea WTF that even means. I'm ready and willing to get my panties in a bunch over it. I really am. So if you're gonna throw it out there you're gonna have to explain it.

[SomeOtherGuy]

Ok... no idea WTF that even means. I'm ready and willing to get my panties in a bunch over it. I really am. So if you're gonna throw it out there you're gonna have to explain it.

Remember the "Twinkie" explanation from Ghostbusters the movie (THE movie, not that recent intersectional feminism box office failure.) Looks like there's no online video, but here's the gist:

https://ghostbusters.fandom.com/wiki/The_Twinkie

The Fed is doing something unusual at any time, and they're doing it at a size level that is unheard of and terrifying.

[SeriousStudent]

https://www.reuters.com/article/health-coronavirus-fed-repo/ny-fed-says-it-will-offer-1-trillion-in-daily-repo-operations-for-rest-of-the-month-idUSL1N2BD1B6

Instead of just acting as an RSS feed, you really need to start putting some commentary or analysis with these links. You do this multiple times a day.

Either offer analysis, or stop just throwing links up in GD.

[SeriousStudent]

Ok... no idea WTF that even means. I'm ready and willing to get my panties in a bunch over it. I really am. So if you're gonna throw it out there you're gonna have to explain it.

And yes.