The Federal Reserve accepted $281.392 billion in fixed-rate reverse repo operations

The Fed accepted a total of $281.392 billion from 60 counterparties in fixed-rate reverse repurchase operations. (Jinshi) Odaily Planet Daily Note: Reverse repurchase refers to the Fed selling securities to financial institutions (such as commercial banks, money market funds, etc.), withdrawing funds from the market, and agreeing to buy back these securities at a predetermined price on a future date. This operation is usually intended to control the money supply and market interest rates, thereby achieving specific macroeconomic goals. When the economy is overheated or inflationary pressures rise, the Fed may reduce liquidity in the market through reverse repurchase operations to effectively control short-term interest rates.