What Are Fed Swap Lines and What Do They Do?
"The Federal Reserve moved in coordinated action with foreign central banks this morning in order to provide a pressure-release valve for funding markets without exposing the U.S. central bank to much risk." READ MORE
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Wednesday, November 30, 2011
Central Banks Take Coordinated Action
Central Banks Take Coordinated Action
WASHINGTON — The world's major central banks launched a joint action to provide cheap, emergency U.S. dollar loans to banks in Europe and elsewhere, a sign of growing alarm among policy makers about stresses in Europe and in the global financial system.
HEADLINE NEWS * MARKET NEWS * SENTIMENT * TRENDING * BONDS * FOREX
WASHINGTON — The world's major central banks launched a joint action to provide cheap, emergency U.S. dollar loans to banks in Europe and elsewhere, a sign of growing alarm among policy makers about stresses in Europe and in the global financial system.
HEADLINE NEWS * MARKET NEWS * SENTIMENT * TRENDING * BONDS * FOREX
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