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KM Financial Solutions | UPDATE 3-Fed pumps more cash as key rate breaks above target
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UPDATE 3-Fed pumps more cash as key rate breaks above target

17 Sep UPDATE 3-Fed pumps more cash as key rate breaks above target

Posted at 22:16h in News by
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The Federal Reserve injected
another $75 billion into the U.S. banking system on Wednesday,
restoring a measure of order after a bout of extreme volatility
inside the bank funding market drove the central bank’s
benchmark interest rate above its targeted range for the first
time since the financial crisis.

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