The Federal Reserve's overnight reverse repo usage drops to its lowest level since 2021
Jinse Finance reported that the balance of the Federal Reserve's overnight reverse repurchase agreements fell to its lowest level since 2021 on Wednesday. About 17 counterparties deposited $1.79 billion with the Federal Reserve through overnight reverse repos, down from $2.11 billion in the previous trading day, marking the lowest level in more than four years.
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