Bank of America: Federal Reserve Reserve Management Purchases Will Drive Risk Assets
Bank of America (BoA), a bank valued at $3.4 trillion, projects that the Federal Reserve (The Fed) will announce Reserve Management Purchases at the December FOMC meeting.
Key Points
Objective: This action is designed to add bank reserves to the financial system, prevent spikes in the SOFR (Secured Overnight Financing Rate), and address reserve scarcity.
Market Implications: The addition of bank reserves and increased liquidity in the system is generally considered bullish for risk-on assets, including stocks and potential cryptocurrencies like Bitcoin.
This Fed action is expected to support the stability of financial markets and enhance investor risk appetite.
#cryptouniverseofficial #BTC #ETH #Write2Earn #Crypto_Jobs🎯 $BTC
BTC
90,626.45
-1.24%
BNB
888.07
-1.95%
SOL
133.21
-3.11%