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Fed Cuts Reserve Management Purchases to Zero Starting August 14

The Federal Reserve announced it will reduce its Reserve Management Purchases (RMPs) to zero, effective August 14, signaling a further step in its monetary policy adjustments.

13 Aug, 21:35 — 13 Aug, 21:35
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wolf-streetMixed8h ago

Fed Cuts Reserve Management Purchases (RMPs) to Zero, Starting August 14

Warsh makes another baby step -- as suggested at his first FOMC meeting.

By Wolf Richter

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