The New York Fed said it would again increase liquidity available to financial markets to ensure money-market rates remain relatively calm during an uncertain year-end
The Federal Reserve Bank of New York said Thursday it is again increasing the scope of liquidity operations it is willing to offer financial markets to ensure money-market rates remain relatively calm over an uncertain year-end.
The bank, which handles the implementation of monetary policy goals laid out by the rate-setting Federal Open Market Committee, said its provisions of liquidity available via overnight repurchase agreements will rise to $150 billion, from the current $120 billion cap, in operations planned for between...
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