HomeLatest ThreadsGreatest ThreadsForums & GroupsMy SubscriptionsMy Posts
DU Home » Latest Threads » Forums & Groups » Main » Latest Breaking News (Forum) » Federal Reserve intervene...

Thu Sep 19, 2019, 01:42 PM

Federal Reserve intervenes for third day to ease market strains

Source: Financial Times

The Federal Reserve intervened in the US money markets for the third day in a row on Thursday as pressure mounted for the central bank to open a more permanent facility to ease pressure on a pivotal part of the financial system.

The New York Fed injected $75bn in overnight cash into the short-term lending market, and its auction was oversubscribed for the second straight day, with banks demanding almost $84bn.

It activated its repo operation on Tuesday for the first time since 2008, after technical factors sent a pivotal measure of overnight funding costs surging. On Wednesday it ran the operation again as markets remained strained.

The central bank’s policy rate climbed above policymakers’ target on Tuesday and receded back to the very upper end of the targeted range on Wednesday, according to figures published on Thursday — a sign of how tense markets remain, even amid the Fed’s interventions.


Read more: https://www.ft.com/content/8f3d0374-dadc-11e9-8f9b-77216ebe1f17



This hasn't happened since 2008, DeJa Vu?

12 replies, 1518 views

Reply to this thread

Back to top Alert abuse

Always highlight: 10 newest replies | Replies posted after I mark a forum
Replies to this discussion thread
Arrow 12 replies Author Time Post
Reply Federal Reserve intervenes for third day to ease market strains (Original post)
yaesu Sep 19 OP
ooky Sep 19 #1
bucolic_frolic Sep 19 #2
not fooled Sep 19 #3
fleur-de-lisa Sep 19 #5
Miguelito Loveless Sep 19 #4
saidsimplesimon Sep 19 #6
NickB79 Sep 19 #10
SWBTATTReg Sep 19 #7
IronLionZion Sep 19 #9
roamer65 Sep 19 #8
not fooled Sep 19 #11
thesquanderer Sep 23 #12

Response to yaesu (Original post)

Thu Sep 19, 2019, 01:48 PM

1. But the economy is so good.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to yaesu (Original post)

Thu Sep 19, 2019, 01:51 PM

2. QE4 to ease the consequences of QE1-2-3

All debts are eventually extinguised in one form or another, be it default and bankruptcy or defact forgiveness by running the printing presses. The path is clear from here.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to yaesu (Original post)

Thu Sep 19, 2019, 01:51 PM

3. Ruh roh

red don following in the footsteps of his predecessor installed fake prez, chimpy, and precipitating another financial crash.

I repeat: a mere 8 years after the worst financial debacle since the Republican Great Depression, 'Muricans let another puke get within stealing distance of the presidency. smh.


Reply to this post

Back to top Alert abuse Link here Permalink


Response to not fooled (Reply #3)

Thu Sep 19, 2019, 02:25 PM

5. Chimpy! I thought I was the only one who still called him that.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to yaesu (Original post)

Thu Sep 19, 2019, 01:51 PM

4. Let me check on the engines of commerce...



Aw, Hell....

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Miguelito Loveless (Reply #4)

Thu Sep 19, 2019, 02:32 PM

6. I like the visual.

Thank you for sharing

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Miguelito Loveless (Reply #4)

Thu Sep 19, 2019, 05:02 PM

10. "I'm giving her all I've got, Captain!"

Reply to this post

Back to top Alert abuse Link here Permalink


Response to yaesu (Original post)

Thu Sep 19, 2019, 02:48 PM

7. Hmmm...three days of this so far, and the Fed hasn't seemed to get a grip on this ...

it does make one worry that they overlooked or didn't anticipate this happening. What else in the background that we haven't seen so far? Why is there (if they is one) pressure within the short-term markets? I'd like to know why there is a stain all of a sudden here? Perhaps more is going on here?

Reply to this post

Back to top Alert abuse Link here Permalink


Response to SWBTATTReg (Reply #7)

Thu Sep 19, 2019, 03:14 PM

9. Some more info on this

https://www.cnn.com/2019/09/18/business/ny-fed-overnight-lending-rescue/index.html

The connection to deficits and the tax cut is undeniable.

It truly alarms me that people still believe Republicans could be good for the economy.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to yaesu (Original post)

Thu Sep 19, 2019, 03:13 PM

8. The deficit is too high.

The system is choking on all the extra Treasury paper.

This is gonna get very interesting, very soon.

I think the Fed will use QE to mop up the excess, but then the problem will switch over to the currency itself.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to yaesu (Original post)

Thu Sep 19, 2019, 06:00 PM

11. red don must be in a quandary

as Thom Hartmann pointed out again today on his show, red don is on the record saying he loves recessions because he can buy up assets cheap.

On the other hand, if the economy tanks before the 2020 election, even putin couldn't get him "re-elected" and he faces the prospect of going from the White House to jail.

What's a corrupt, amoral sociopath to do???







Oh, and the countdown until pukes start blaming Social Security and Medicare for the cash crunch begins in 3...2...1...

Reply to this post

Back to top Alert abuse Link here Permalink


Response to yaesu (Original post)

Mon Sep 23, 2019, 01:04 PM

12. It took Bush 6 years to crash the economy, looks like Trump could do it in 3.

Finally, Trump is best at something.

Reply to this post

Back to top Alert abuse Link here Permalink

Reply to this thread