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What does the Fed’s reverse repurchase volume of US$2.135 trillion mean?

Sell securities to receive cash. The Federal Reserve's reverse repurchase amounted to US$2.135 trillion. In the United States, reverse repurchase means that the Federal Reserve sells securities to counterparties to obtain cash. The purpose is to gather assets in the market. After executing reverse repurchase, it may continue to reduce QE in the future, or even Raise interest rates. Reverse repurchase refers to the buying and selling behavior in which the financial lender transfers funds to the asset financier, deducts commercial paper as a pledged loan, and collects an equal amount of principal and interest in the future, and cancels the commercial paper pledged loan.