Fed extends pause in reserve-management purchases until October 14
- —Pause in bill purchases extended until October 14
- —Reinvestments for the period will total about $15.6 billion
- —Bank reserves rose to $3.04 trillion as of September 9
- —The SOFR rate held at or below IORB throughout the month
Why it matters: Liquidity in the banking system remains sufficient, reducing the risk of sharp spikes in funding rates and supporting appetite for risk assets, including crypto.
Source: DiarioBitcoin