Similar Stories to Fed Pumps More Cash As Key Rate Breaks Above Target on Bing News

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.

Topics:  federal reserve   u.s    rate   target   bank   
BING NEWS:
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