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Fed meeting notes: Staff noted that lowering the overnight reverse repo rate by five basis points would bring it in line with the bottom of the target range for the federal funds rate and could put some downward pressure on other money market rates.

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2024-11-27 03:08:09
Midland Reserve Conference Minutes Staff Staff Point out Lower Night Reversedesk3cryptocurrencydesktopCrypto News
Fed meeting notes: Staff noted that lowering the overnight reverse repo rate by five basis points would bring it in line with the bottom of the target range for the federal funds rate and could put some downward pressure on other money market rates.
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The Fed considers the overnight reverse repo rate back to the base rate floor
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Many participants at the Fed's Nov. 6-7 meeting said uncertainty about the level of the neutral interest rate made it appropriate to gradually reduce policy restrictions, according to Fed meeting notes.

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