Perli from the New York Fed says the Federal Reserve will start purchasing assets before long.
Jinse Finance reported that Roberto Perli of the Federal Reserve Bank of New York stated that the rise in overnight funding costs indicates that bank reserves are no longer ample, and the Federal Reserve "will not take long" to purchase assets in order to maintain an ideal level of liquidity. In remarks prepared for a conference co-hosted by the New York Fed on Wednesday, Perli said that several indicators, including rising money market rates, "strongly suggest that reserves are no longer ample." Perli is responsible for the Federal Reserve's securities portfolio, namely the System Open Market Account (SOMA).
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Overview of Major Overnight Developments on November 13
Calastone launches tokenized fund shares on the Polygon platform
Most Federal Reserve regional voting members are not supportive of a rate cut in December
