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Fed to continue injecting liquidity at up to $75 billion/day until November 4

A

alcoholbob

Diamond Member

Statement Regarding Repurchase Operations - FEDERAL RESERVE BANK of NEW YORK

www.newyorkfed.org www.newyorkfed.org

It looks like this all started on September 16 when quarterly tax payments and Federal government bond auctions caused a spike in overnight lending rates up to 10%, forcing the Fed to inject $53.2 billion in liquidity into the repo market, which extended to $75 for the next 3 days. After that the Fed announced it would need to conduct these operations on a daily basis until Oct 10.

Today it was announced these operations will be extended to November 4. I suspect they will continue to roll the dates forward from here on. Does this spell the beginning of QE4?
 
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