We’ve all been there, you have a new sofa, and then, seeming no time after …
Read More »Market Extra: How the Fed’s latest crisis-era credit facility aims to finally calm rattled markets
Only hours after deploying one crisis-era funding facility, the Federal Reserve on Tuesday unleashed another, potentially more powerful weapon that gives primary dealers on Wall Street cheap loans to snap up a broad array of bonds and stocks. It has an aim of freeing up space on dealer’s balance sheets …
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