The Fed Launched a Bank Rescue Program Last Year. Now, Banks Are Gaming It. | EUROtoday

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An emergency lending program the Federal Reserve created through the 2023 banking disaster has was straightforward cash.

Borrowing from the Fed’s financial institution time period funding program has elevated to new highs in current weeks, an odd consequence of the market’s flip to forecasting a number of Fed fee cuts over the approaching 12 months.

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