Economics
Fed Injects Cash for Fourth Day as Funding Markets Stabilize
- Friday’s $75 billion dose matched Wednesday, Thursday amounts
- Next week may bring more funding pressures in repo: Crandall
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The Federal Reserve added liquidity for a fourth straight day to a vital corner of the funding markets, helping further stabilize rates as investors remain concerned that fresh bouts of stress may be felt in the weeks ahead.
The New York Fed injected another $75 billion Friday through an overnight repo operation. That followed operations of the same size on Wednesday and Thursday, and $53.2 billion on Tuesday, with each of these prior agreements rolling off the morning after they’re completed.