The final FOMC meeting of the year, held on December 10th, carried added significance. Short-term funding markets once again provided some of the clearest clues about how policy expectations were evolving in the days before the announcement.

Across this easing cycle, we’ve previously highlighted how September and October repo behavior telegraphed the Fed’s moves before they were formalized:

  • September: TPOR captured a smooth, directional decline in overnight levels ahead of the first cut.
  • October: TPOR identified pre-meeting liquidity tightness that contributed to the brief volatility in SOFR immediately after the decision.

The December meeting followed a similar pattern…

To continue reading, complete the form below.

Read full article
What the last FOMC meeting of the year tells us about repo signals

"*" indicates required fields

This field is for validation purposes and should be left unchanged.
Are you looking for market data solutions to support your execution and analytics strategies?*
Consent*
This field is hidden when viewing the form
Read full article
What the last FOMC meeting of the year tells us about repo signals

"*" indicates required fields

This field is for validation purposes and should be left unchanged.
Are you looking for market data solutions to support your execution and analytics strategies?*
Consent*
This field is hidden when viewing the form
USD-SOFR Indicative rate service
Featured Knowledge Insight

Tradition Predictive Overnight Repo (TPOR) Rate Service

Today we can announce the launch of our Tradition Predictive Overnight Repo (TPOR) Rate service. This intraday “day-ahead” data gives insight into the level at which the Federal Reserve Bank of…

Read more