Federal Reserve 5 November 2025 - 14 November 2025

Dateline — November 7, 2025. The Federal Reserve’s money‑market backstop has roared to life at month‑end and into this week. Banks drew on the Standing Repo Facility in record size at the turn of October, part of a roughly $125 billion burst of short‑term liquidity across five trading days aimed at smoothing funding markets and averting a broader credit squeeze. Today, New York Fed President John Williams said the Fed may soon need to rebuild reserves by gradually purchasing assets—a technical step for liquidity management, not a policy pivot—after the Fed’s decision last week to halt quantitative tightening on December 1. Federal Reserve+3The Economic Times+3ABC+3

Top line: Gold moved back above the psychologically important $4,000/oz mark in Thursday trade as the U.S. dollar eased from recent highs and investors weighed a prolonged U.S. government shutdown alongside shifting rate-cut odds and a U.S. Supreme Court case scrutinizing tariffs. As of 09:14 GMT, spot gold was around $4,011.79/oz and December futures near $4,021.20/oz. Silver, platinum and palladium also firmed. Reuters

As of Wednesday, Nov. 5, SRF usage collapsed to ~$82 million—split roughly $43 million Treasuries and $39 million MBS—after the early‑week spike. That sharp slowdown corroborates the view that month‑end frictions were the primary driver, not a sustained funding seizure. FRED+1