Yonhap Infomax NewsFederal Reserve Bank of New York announces sharp reduction in reserve management purchases from $40 billion to $25 billion monthly, signaling confidence in money market stability as tax season pressures ease and MBS reinvestment continues separately at $15.5 billion through mid-May.
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Fed Signals Confidence in Money Market Stability, Slashes RMP to $25 Billion Monthly
Federal Reserve Bank of New York announces sharp reduction in reserve management purchases from $40 billion to $25 billion monthly, signaling confidence in money market stability as tax season pressures ease and MBS reinvestment continues separately at $15.5 billion through mid-May.