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07:36 PM
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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:xenophon:MV80MTcwODEwXzc1ODE3MTkyXzVGQ0FBRDg1] [quote:Anonymous Coward 75482302:MV80MTcwODEwXzc1ODEzMjYyXzU1NzY5ODQ0] Manufacturing is in contraction (fact) Service sector in contraction (fact) GDP heading to zero (1.5 estimates in Q3 and 1% in Q4) Retail sales falling Home sales falling Auto sales falling Durable goods just fell Business investment just fell to lowest levels since Trump was elected CAT earnings just tanked Boeing earnings just tanked Amazon earnings just tanked Ford earnings were bad GM earnings were bad FED is pumping in 100 billion per night in the repo market to keeps the banks solvent Tell me where this strong economy is? Have I missed anything? [/quote] It's no use, the fake 3.5% unemployment rate that all the shills keep repeating on camera overrides the ton of evidence showing the economy contracting Interest rates should be going up, instead Trump again calls for rate cuts and pence said today it's the greatest economy in US history! Radio silence on the endless QE and intervention from both sides. The single biggest issue for the US today and it's a non-issue [/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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