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Federal Reserve Watch: Fed Oversees $344.6 Billion Returning To Commercial Bank Reserve Balances

Federal Reserve Watch: Fed Oversees $344.6 Billion Returning To Commercial Bank Reserve Balances

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In the past week, commercial banking added almost $345 billion to cash balances, thinks mainly to the Federal Reserve System allowing many of its repurchase agreements to run off. This movement supports the story that Fed Chair Jerome Powell has been telling – that the market problems we were encountering were only temporary.

...read full article on Seeking Alpha

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