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FOMC Extends Lending Facilities Thru Dec 31

FED

The Fed said it would extend through Dec. 31 its lending facilities that
were scheduled to expire at the end of September, including Main Street and
corporate credit facilities. The muni lending facility is already set to expire
Dec. 31. The extension "will facilitate planning by potential facility
participants and provide certainty that the facilities will continue to be
available to help the economy recover from the COVID-19 pandemic,"
it said in a statement just before the FOMC meeting was set to begin.

MNI Washington Bureau | +1 202-371-2121 | jean.yung@marketnews.com
MNI Washington Bureau | +1 202-371-2121 | jean.yung@marketnews.com

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