According to ChainCatcher news and Jin10 reports, Barclays strategists expect the Fed to start purchasing treasury bills in February next year, after several key Fed officials hinted at expanding the balance sheet. Barclays strategist Samuel Earl stated, "Given the market's focus on repo rates, the Fed is in risk management mode, and preemptively starting asset purchases seems to be the most likely outcome."

Golden Finance reported that if the repurchase协议利率 rises above the effective federal funds rate target range, or just at the upper end, and remains there for several weeks, decision-makers may need to make adjustments, Barclays strategist Samuel Earl stated in a report. Earl wrote that the repurchase market is an "important driver" of the direction of the federal funds Intrerest Rate, and officials need to be concerned about the repo rate remaining at or even above the upper limit of the range. This means that the Federal Reserve will ultimately need to increase reserves through more repo lending or direct purchases of Treasury bills.