4 ms·
I read that the cause was that companies were taking money out to pay their quarterly taxes.
by hsnewman 7y ago
I read that the cause was that companies were taking money out to pay their quarterly taxes.
- ajmurmann 7y agoWouldn’t that be a regular occurrence and thus non-news? Is everyone looking for recession fear mongering material?
- hn_throwaway_99 7y agoThe headline says they're conducting repo operations until Oct 10 which is 3 weeks out, so obviously it's something more that just quarterly tax payments.
- whatok 7y agoThe reason why they're doing that is because they need to restore confidence to the market. The absolute worst thing the Fed could do is do what they did this week, say everything is all good, and then something even worse happens in the near future.
- hourislate 7y agoSept 15 was tax day. Companies withdrew money they had in the market to pay taxes. It is a regular occurrence every year, but this year it was a problem because the FED tightened. They assumed 1 trillion would have been enough but now are looking for the correct amount buy adding money. They are still trying to figure it out.
- eternalny1 7y agoThat seems like a good, easily digestible bit of news to send to the public "ah, got it, I understand paying taxes". However, this doesn't happen every year, or even every quarter ... so ...