Aug. 10 (Bloomberg) -- The Federal Reserve may follow the European Central Bank and pump cash into money markets to prevent interest rates on short-term borrowing and deposits from surging.
The Fed yesterday added $24 billion in temporary reserves to the banking system, hours after the ECB added 94.8 billion euros ($130 billion). The ECB said it provided a further 61.05 billion euros today.
DOW 13K is right next door.
The Fed yesterday added $24 billion in temporary reserves to the banking system, hours after the ECB added 94.8 billion euros ($130 billion). The ECB said it provided a further 61.05 billion euros today.
DOW 13K is right next door.
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