Fed Reverse Repo Useage Rises To $2.28T As Fed Hikes Target Rate To 5%,+25 BPS (Fed Dots Look Like Ski Slope)

As expected, The Federal Reserve raised their target rate (upper bound) to 5%, up 25 basis points. At the same time, Fed Reverse Repo useage soared to $2.28 trillion as banks hide from inflation. H…