09-17-2019, 09:54 PM
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Senior Member
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Join Date: Jan 2010
Posts: 1,033
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Nothing to see here...
https://news.yahoo.com/york-fed-step...213915690.html
New York Fed steps into market to move interest rates
For the first time in more than a decade, the New York Federal Reserve Bank on Tuesday pumped billions of dollars into financial markets to keep short-term interest rates in line with the Fed's target range.
The emergency interventions on money markets -- one early Tuesday and another scheduled for Wednesday morning -- came as a sudden cash shortage drove up interest rates.
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