NY Fed to Pump $75 Billion Into Money Markets Daily Through Oct 10

September 20th, 2019

Via: AFP:

The New York Federal Reserve Bank said Friday it will inject billions into the US financial plumbing on a daily basis for the next three weeks in an effort to prevent a spike in short-term interest rates.

The Fed will offer up to $75 billion a day in repurchase agreements — exchanging secure assets for cash for very short periods — through October 10, it said in a statement.

Posted in Collapse, Economy | Top Of Page

One Response to “NY Fed to Pump $75 Billion Into Money Markets Daily Through Oct 10”

  1. Loveandlight says:
    September 21, 2019 at 4:14 am

    And this, in turn, is likely a prelude for the fourth round of “Quantitative Easing”, or QE4.

Leave a Reply

You must be logged in to post a comment.