“NY Fed to pump $75 bn into money markets daily through Oct 10”
September 24, 2019
“The New York Federal Reserve Bank said Friday it will inject billions into the US financial plumbing on a daily basis for the next three weeks in an effort to prevent a spike in short-term interest rates.
The Fed will offer up to $75 billion a day in repurchase agreements — exchanging secure assets for cash for very short periods — through October 10, it said in a statement.
In addition, it will offer three 14-day “repo” operations of at least $30 billion each…”
https://news.yahoo.com/ny-fed-pump-75-bn-money-markets-daily-154943871.html