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Federal Reserve Bank of New York Statement On Repurchase Operation – Roll Over Beethoven!

This is a syndicated repost published with the permission of NY | Press Releases | Markets & Policy Implementation. To view original, click here. Opinions herein are not those of the Wall Street Examiner or Lee Adler. Reposting does not imply endorsement. The information presented is for educational or entertainment purposes and is not individual investment advice.

In accordance with the FOMC Directive issued September 18, 2019, the Open Market Trading Desk (the Desk) at the Federal Reserve Bank of New York will conduct an overnight repurchase agreement (repo) operation from 8:15 AM ET to 8:30 AM ET tomorrow, Friday, September 20, 2019, in order to help maintain the federal funds rate within the target range of 1-3/4 to 2 percent.

–Federal Reserve Bank of New York

Meanwhile, if you haven’t already, my extended take on this is here. And of course, you can stay ahead of the crowd and follow this soap opera with in depth reports 6-7 times a month at Lee Adler’s Liquidity Trader.

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