World News: 19:51 GMT Sunday 14th July 2019. [Yahoo Business News Feed via SPi World News]
'We reaffirm our expectations that the Fed could test this facility later this year and launch it for full-scale operations in early 2020,' Deutsche Bank strategist Steven Zeng wrote in a research note published late on Friday. Fed policy-makers debated the merit of a repo facility in June. Other Wall Street analysts questioned whether a repo facility is necessary when the central bank may end its balance sheet normalization and restart its purchases of Treasuries sooner than it has planned.
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