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Fed cut 0.25

dobeman

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I also read that the overnight rate on repurchase agreements spiked over 10% last night. It’s supposed to follow the Federal Funds rate. The Fed Reserve of New York pumped $53 billion into the repo market last night, and promised more. Repo rates that high are never seen.
 

Cavedweller

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More paper being pumped into the system. Gotta keep the credit bubble from popping.


 

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