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.
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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.