A major Wall Street institution is forecasting some interesting moves from the Federal Reserve's upcoming meeting. Their analysts are projecting a quarter-point rate reduction—that's 25 basis points for those keeping score. But here's where it gets juicy: they're also expecting the Fed to roll out Reserve Management Purchases alongside term repo operations.

What does this combo mean? Basically, the central bank might be signaling a shift in how it manages liquidity in the system. The RMPs could help fine-tune reserve levels while term repos provide short-term funding flexibility. For macro watchers and risk asset traders, this dual approach might offer clues about the Fed's tolerance for market volatility going forward.

The timing matters too. With rate cuts back on the table and liquidity tools being deployed, traditional safe havens and alternative assets could see some action. Worth watching how this plays out across different market sectors.