What Fed cut? US repo rates still high as liquidity tightens into year-end

Core Viewpoint - The cost of U.S. overnight funding in the repo market remains high and is expected to stay elevated into year-end, despite recent easing measures by the Federal Reserve, contributing to stress in fragile financial markets [1] Group 1 - The repo market is experiencing stubbornly high overnight funding costs [1] - Federal Reserve easing measures have not significantly impacted repo market rates [1] - Financial markets are under additional stress due to elevated funding costs [1]