Federal Reserve
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Some Investors Resolve to Ring In the New Year by Lending Cash
By Daniel Kruger
November 15, 2019, The Wall Street Journal
Some investors expect a new surge of volatility in short-term money markets at year-end and are preparing to take advantage, …
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Fed’s push into funding markets stirs fears of widening role
By Victoria Guida
November 15, 2019, Politico
The Federal Reserve’s latest effort to calm the financial system — pumping $100 billion a day into trillion-dollar funding markets — is intended …
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Fed Plans Longer Repo Actions to Mitigate Year-End Market Risks
By Alex Harris
November 14, 2019, Bloomberg
The Federal Reserve Bank of New York announced plans to conduct repurchase-agreement operations within the coming month that have longer terms than those …
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Powell Faces Doubt That Fed Really Has Repo Under Control
By Alex Harris
November 14, 2019, Bloomberg
Federal Reserve Chairman Jerome Powell says short-term interest rates are back under control. Not everyone’s convinced.
There’s evidence traders expect pressure to build …
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In swaps we trust? Disappearing dollars drive currency trading dependence
By Ogla Cotaga
November 14, 2019, Reuters
As dollars dry up, global finance is growing increasingly dependent on opaque currency trading to keep cash flowing.
Banks and other short-term dollar …
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Repo: How Roughly $1 Trillion Moves Overnight
The repo market shook the financial world in September when an unexpected rate spike choked short-term lending, spurring the Federal Reserve to intervene. WSJ explains how this critical, but murky …
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Repo Fragility Exacerbated by a Hot New Corner of Funding Market
By Alex Harris, Tracy Alloway, and Stephen Spratt
November 8, 2019, Bloomberg
A funding niche that’s exploded in popularity in the past two years could be adding to instability in …
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Fed’s Clarida on U.S. Economy, Monetary Policy
Federal Reserve Vice Chairman Richard Clarida discusses the state of the U.S. economy and the Fed’s baseline outlook. He said the central bank thinks that both the economy and monetary …
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Fed survey: Banks tighten credit for commercial, real estate loans
CNBC’s Steve Liesman reports on new results out of a Fed survey that show credit is tightening for commercial and real estate loans.…
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Libor Transition Hung Up on Sticky Issues
By George Bollenbacher, TABB Group
Originally published on the TABB Forum
As we move through the fourth quarter of 2019, the urgency of regulatory warnings regarding the IBOR replacement process …
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