Witkoff has already requested a ceasefire from Iran through various channels twice. Iran refused, seeing no point in it. Iran says truce depends on US, Israel pledging no future strikes.

"According to the report, Iran believes the conflict cannot end unless Trump is shown that the economic, political, and military costs are high enough to make repeating such actions not worthwhile.. Instead, Iran is reportedly insisting on a permanent agreement that …

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Dropping Like a Stone: ON RRP Take-up in the Second Half of 2023. Liberty Street Economics detail the recent drop in ON RRP take-up through the lens of the channels identified in the recent staff report driving its initial increase.

via dismal-jellyfish: Source: https://libertystreeteconomics.newyorkfed.org/2023/12/dropping-like-a-stone-on-rrp-take-up-in-the-second-half-of-2023/ Background: Liberty Street has a paper Treasury Bill Supply and ON RRP Investment based on the Staff Report Banks’ Balance-Sheet Costs, Monetary Policy, and the ON RRP. TLDRS: The authors call out the increase in Overnight Reverse Repurchase (ON RRP) …

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