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fed news: Demand for Fed funding tool hits record before rate hike

Demand for the Bank Term Funding Program rose approximately $6.3 billion in the week through Wednesday, Jan. 24 to an all-time high of $167.8 billion, data from the Fed showed. Borrowing has jumped by more than $50 billion since mid-November after the programs rate increasingly fell below the rate at which institutions could earn money by parking reserves at the Fed.
Ian Lyngen Federal Reserve Bank Term Funding Program Afed News Fed Update Borrowing From Fed

federal reserve: Fed meeting minutes could hint at end of rate hikes

The Fed raised its benchmark overnight interest rate to the 5.25%-5.50% range at the July 25-26 meeting, a step Fed Chair Jerome Powell said at his post-meeting press conference may not be the last in an aggressive round of rate increases that began in March 2022 to offset the fastest breakout of inflation since the 1980s
New York United States Andrew Hollenhorst John Williams Jerome Powell Tim Duy

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