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BREAKING: The Fed is sharply increasing the amount of help it is providing to the financial system
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[quote:AC 30148669:MV80MTcwODEwXzc1ODA3MjQ1XzRCMjZEMTgy] [quote:Anonymous Coward 78084014:MV80MTcwODEwXzc1ODA0OTIzX0VBRkY5MzNF] In less than a month, the bank repos began at 75 billion/day for just a few days, then they extended it til October 10. The 10th came and they extended it indefinitely, but then it went to 100 billion. Last night I read it's up to 120 billion. A day. Something very f#cky is going on Is the impeachment a distraction from this? [/quote] That's what I think, too; this impeachment BS is taking the attention off of whatever is going on with the banks right now - the D's and R's are both in on it. They learned the back in '08 that this stuff really spooks the public and we can't have that.... [/quote]
Original Message
Why is this not major headlines?
Why is Trump not mentioning?
What really is going on here...
BREAKING
The Federal Reserve is ramping up the amount of temporary liquidity injections it is providing for overnight lending markets.
Starting Thursday, the repo operation offerings will escalate to $120 billion from the current $75 billion as the central bank continues to calibrate the right amount of funding needed to keep the markets operating properly and to hold the overnight funds rate within its target range.
The announcement came from the New York Fed,
which did not elaborate on the reason for the increase
. However, it comes a day after the Fed injected just shy of $100 billion into the system via an operation where it provides banks with cash in exchange for high-quality assets like government bonds.
...
In addition to the repo increase, term repo operations are rising to $45 billion, from $35 billion.
In addition to those two operations, the Fed recently announced a permanent operation that will target $60 billion a month initially in bond purchases that will resemble the three rounds of quantitative easing employed during and after the financial crisis.
[
link to www.cnbc.com (secure)
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