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How the Debt Ceiling Is Now Pouring Liquidity into Financial Markets, only to Suck it Back Out Very Fast Later this Year
wolfstreet.com/2025/05/11/how-the-debt-ceiling-is-now-pouring-liquidity-into-financial-markets-only-to-suck-it-back-out-very-fast-later-this-year
Last time, $840 billion got sucked out in less than 5 months, all from excess cash in ON RRPs. But now, after $2.26 trillion of QT, ON RRPs are nearly gone.
By Wolf Richter for WOLF STREET.
Back on April 3, 2025, cash in the government’s checking account, the Treasury General Account…
This story appeared on wolfstreet.com, 2025-05-12 01:35:54.