Market Snapshot: Fed Repo Demand Dips, Auto Tariffs Boost Domestic Producers, and Federal Jobless Claims Spike Amidst Policy Debates
Stock Market News·2025-10-22 17:38
Key TakeawaysDemand for the Federal Reserve's reverse repo operation declined today, with 8 counterparties taking $4.005 billion, down from $4.699 billion and 10 bids previously, signaling less excess liquidity in the financial system.Michelin's CEO affirmed no change to the company's dividend policy, following a 2.2% increase in its 2024 dividend to €1.38 per share, reflecting confidence in its strategic plan.Former President Trump claimed General Motors (GM) and Ford (F) CEOs thanked him for 25% tariffs o ...