Having successfully avoided a liquidity crunch in money markets at the end of th...
FILE PHOTO: Federal Reserve Bank of Richmond President Thomas Barkin poses during a break at a Dallas Fed conference on technology in Dallas, Texas, U.S., May 23, 2019. REUTERS/Ann Saphir/File Photo
Interest rates in the overnight lending markets for cash remained subdued on Dec. 31, which was expected to be a tough day for liquidity as banks cut back their lending for regulatory reasons. Financial firms took up only a small amount of the $150 billion the Fed offered up in the market for repurchase agreements, or repo, on the last day of the year.
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