Having avoided year-end repo crash, Fed's Barkin says focus now on long-term fix

Having successfully avoided a liquidity crunch in money markets at the end of th...

FILE PHOTO: Federal Reserve Bank of Richmond President Thomas Barkin poses during a break at a Dallas Fed conference on technology in Dallas, Texas, U.S., May 23, 2019. REUTERS/Ann Saphir/File Photo

Interest rates in the overnight lending markets for cash remained subdued on Dec. 31, which was expected to be a tough day for liquidity as banks cut back their lending for regulatory reasons. Financial firms took up only a small amount of the $150 billion the Fed offered up in the market for repurchase agreements, or repo, on the last day of the year.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Reuters /  🏆 2. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Opinion: Why having robot co-workers might make you less prejudicedThe mere awareness of robot workers causes people to find common ground with others they typically see as different.
Read more »

I'm Having a Great Time at President Bloomberg's Open Office White House'Greetings from the year 2021, where Michael Bloomberg has somehow managed to billions his way into the White House and, true to his promise, pivoted the East Room into an open office concept in which he also works! ' oureric writes:
Read more »

Gene Simmons trends after posting photo of ice cubes in his cereal, internet isn't having itKiss frontman Gene Simmons tweeted a photo of ice cubes in his cereal, and the internet was very confused.
Read more »

Lil Uzi Vert Is Already Having a Better 2020 Than YouHis tweets and dance moves are a relentlessly optimistic force.
Read more »

U.S. Fed buys no mortgage bonds, sells noneThe Federal Reserve bought no agency mortgage-backed securities in the week
Read more »

What to watch today: Stock futures plunge, Strike kills Iranian commander, Fed minutes releasedWall Street is set to give back a good chunk of Thursday's strong rally, with U.S. stock futures plunging after a U.S. military strike killed a top Iranian general.
Read more »