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Show Notes
The Fed announced it plans to sell the ETFs and bonds it purchased. They are already doing reverse repo operations. Some have asked when they will reduce their monthly asset purchases. So, what is the Fed doing, and what are some potential things they might do?
Fed Taper?
Fed Reverse Repo Overnight Market
Fed Funds Rate
Interest Rates
Asset Purchase Program
Operation Switch
MBS Mortgage-Backed Securities
IOER Interest on Excess Reserves
Probability of Fed rate hike?
What is the SOFR rate?
What is the effective fed funds rate?
Mentioned in this Episode:
Broken Pie Chart Book by Derek Moore https://amzn.to/2MibTSk
Fed Balance Sheet h.4.1 report https://www.federalreserve.gov/releases/h41/current/
Fed SMCCF corporate bonds and ETF buying program https://www.federalreserve.gov/monetarypolicy/smccf.htm
Fed Overnight Reverse Repo Operations https://fred.stlouisfed.org/series/RRPONTSYD
NY Fed Effective Fed Funds Rate https://www.newyorkfed.org/markets/reference-rates/effr
SOFR Rate Secured Overnight Funding Rate https://fred.stlouisfed.org/series/SOFR