Lending markets

Fed steps in again to try to smooth credit markets

WASHINGTON — The Federal Reserve is once again stepping in to try to smooth global credit markets, this time by lending dollars to other central banks in exchange for Treasury bills. The Fed’s decision on Tuesday marks its latest aggressive effort to keep borrowing rates low and ensure financial markets can still function in the […]

Lending markets

Markets plunged, despite Fed announcement to flood markets with $1.5 trillion short-term loans

The broader Standard & Poor’s 500 index fell into a bear market, defined as a 20% drop from a previous high. In an epic one-day rout, European markets suffered similar declines, with the Paris and Frankfurt stock exchanges losing more than 12% and London’s FTSE index losing nearly 11%. The story continues under the ad […]

Lending markets

Fed injects additional liquidity into overnight lending markets

The Federal Reserve said Monday it would increase the amount of money it is pumping into short-term debt markets during the current turmoil, reversing an attempt to wean investors off the funding it has been providing since September. The move comes as nerves grow that market swings caused by the coronavirus are hurting funding conditions […]