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(U2) Off Lows, But Still Fragile


Another Round Of Richening


(U2) More Stable But Still Fragile

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FED: MNI EXCLUSIVE: Fed May Build New Tools From Unspent USD260B
- The Fed is leaving the door open to additional credit market supports by not
specifying how it will use USD260 billion of the USD454 billion in Treasury
funds allotted for corporate and municipal bonds.
- This gives a central bank seen as running out of ammunition room to aid
markets further amid the coronavirus pandemic, current and former Fed officials
say. "The Fed has been rather pointedly silent about what their plans are for
that 260 billion dollars-- it seems to me that's very smart," David Wilcox, the
Fed board's ex-chief economist, told MNI in an interview.
For more, see main wire at 1546ET.
MNI Chicago Bureau | +1 312-431-0089 |
MNI Chicago Bureau | +1 312-431-0089 |

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