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Market Extra: Why demand for Fed’s reverse repo facility is surging again

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Nearly two months ago, the Federal Reserve’s reverse repo program had almost no customers. Now demand for the lending program is back to roughly $400 billion overnight, its highest since June 2017, according to Tradeweb data.

The Moneyist: My wife has 125 lipsticks. Her $11K cosmetics bill is our household’s largest expense — exceeding vehicles and housing

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