Fed Losing Control of Banking Liquidity

End of Month Liquidity Stress: *Immense*

The Fed appears to rapidly be losing control over a developing liquidity crisis

SOFR Spreads are absolutely soaring, now *22bps above the Discount Window rate*
Emergency SRF repo use continues at $14B todayhttps://t.co/BZ4GhLSMxE https://t.co/hCnTHfmk1P pic.twitter.com/LPz7ao93mo

— Robert (infra 🏛️⌛️) (@infraa_) November 3, 2025