As on the last day of the old year, the Fed aggressively added reserves on the first day of the new. However, unlike Monday, today the Fed’s adds seemed necessary to hold the stop out rates down to a level near the Fed Funds targets. Although the Fed wasn’t as chatty last year about every little move they made in Open Market Ops, their actions were similar. Click here to download complete report in pdf format (Professional Edition Subscribers).Try the Professional Edition risk free for thirty days. If, within that time you don’t find the information useful, I will give you a full refund. It’s that simple. Click here for more information.
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