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Fed pumps more cash as key rate breaks above target

The Federal Reserve injected another $75 billion into the U.S. banking system on Wednesday, restoring a measure of order after a bout of extreme volatility inside the bank funding market drove the central bank's benchmark interest rate above its targeted range for the first time since the financial crisis. [Source]

Publication Date:

Origin: reuters.com

Category: businessNews

Topics: rate, above, system, restoring, banking

Source Link: http://feeds.reuters.com/~r/reuters/businessNews/~3/zPgb6VraCYw/fed-pumps-more-cash-as-key-rate-breaks-above-target-idUSKBN1W322L

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