Borrowing From Fed Emergency Tool Likely Jumped Before Rate Hike
(Bloomberg) -- Borrowing from a Federal Reserve emergency lending program likely jumped over the past week, just before the central bank raised the facility’s interest rate to stop financial institutions from taking advantage and arbitraging on its attractive terms.Most Read from BloombergTesla Sinks After Warning About ‘Notably Lower’ Growth RateUS GDP Grew 3.3% Last Quarter, Capping Unexpectedly Strong YearMicrosoft Cuts 1,900 Jobs in Gaming, Including at ActivisionBoeing Blocked From Building
Source: yahoo.com