Fed Reserve’s $3 trillion coronavirus rescue inflates market bubbles

fed interest rate decision today

The Federal Reserve’s $3 trillion bid to stave off an economic crisis in the wake of the Covid-19 outbreak is fuelling excesses across United States capital markets. The U.S. central bank has pledged unlimited financial asset purchases to sustain market liquidity, increasing its balance sheet from $4.2 trillion in February to $7 trillion today.

Read moreFed Reserve’s $3 trillion coronavirus rescue inflates market bubbles

South Korea to Announce Measures to Ease United States Dollar Funding Shortage

why canadian dollar is falling

On Wednesday South Korea will announce measures on to ease U.S. dollar funding shortages in its local market, two government officials familiar with the matter told news agency. The measures will aim to address heightened funding stress involved with the rising cost of raising U.S. dollar funds in Korean financial markets, officials said on Tuesday, without elaborating.

Read moreSouth Korea to Announce Measures to Ease United States Dollar Funding Shortage

Federal Reserve’s Harker Says Officials Learned Lessons From Repo Turmoil

fed interest rate decision today

The Federal Reserve’s efforts to boost reserves in the banking system helped to calm markets and make the much anticipated year-end period a non-event, and officials are still debating the details of a potential standing repo facility, a top Fed official said on Wednesday.

Read moreFederal Reserve’s Harker Says Officials Learned Lessons From Repo Turmoil