The Federal Reserve accepted a total of $92.863 billion from 26 counterparties in fixed Intrerest Rate reverse repurchase operations.

The Federal Reserve accepted a total of $92.863 billion from 26 counterparties in fixed-rate reverse repurchase operations, reaching a new low since April 2021. Odaily Star Daily Note: Reverse repurchase refers to the Federal Reserve selling securities to financial institutions (such as commercial banks, money market funds, etc.), withdrawing funds from the market, and agreeing to repurchase these securities at a predetermined price on a future date. This operation is usually carried out to control the money supply and market interest rates, and to achieve specific macroeconomic goals. When the economy is overheating or inflationary pressures rise, the Federal Reserve may use reverse repurchase operations to reduce liquidity in the market and effectively control short-term interest rates. #BTC# #ETH#