The Fed pumps another $75 billion into markets and says more cash is on the way
Posted: Tue Sep 24, 2019 9:01 am
MarketsInsider - 9/20/2019 - Gina Heeb - The Federal Reserve ended the week with yet another attempt to calm money markets and an announcement that more injections were on the way. After pumping another $75 billion into financial markets Friday, the New York Federal Reserve announced it would continue special operations in an attempt to keep interest rates in their intended range. Short-term rates had shot up as high as 10% at the beginning of the week, threatening to disrupt the bond market and the overall lending system. Read more @ https://markets.businessinsider.com/new ... 1028541586