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US: Dangerous Zone and Repurchase Operations
  • In accordance with the Federal Open Market Committee (FOMC) directive issued September 18, 2019, the Open Market Trading Desk (the Desk) at the Federal Reserve Bank of New York will conduct a series of overnight and term repurchase agreement (repo) operations to help maintain the federal funds rate within the target range.

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    https://www.newyorkfed.org/markets/opolicy/operating_policy_190920

    This all thing if won't be contained can unwind into more than 2008 thingy.

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