Tuesday , September 21 2021
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The Fed may pull the plug.

Summary:
Fed is falling behind on RRP activity, and reserves keep rising. Fed may pull the plug on asset purchases if the debt ceiling is not raised.

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Fed is falling behind on RRP activity, and reserves keep rising. Fed may pull the plug on asset purchases if the debt ceiling is not raised.
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

7 comments

  1. Phillip R Jorgensen

    No audio

  2. hi Mike, are banks conducting reverse repo's b/c of the SLR? in your other video you said cash/reserves as well as treasuries affect the denominator. if this is the case, why not hang onto the cash?

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