The Fed has hit the panic button after the overnight repurchase (repo) rate for overnight borrowing spiked 4 fold. Officially $128 billion in emergency liquidity capital injections have been lent to large banks in only 48 hours.
The Fed has hit the panic button after the overnight repurchase (repo) rate for overnight borrowing spiked 4 fold. Officially $128 billion in emergency liquidity capital injections have been lent to large banks in only 48 hours.