New York Fed President Williams: Fed actions had desired effect of reducing strains in markets

Market news

23 September 2019

New York Fed President Williams: Fed actions had desired effect of reducing strains in markets

Volatility in repo rates showed markets not effectively distributing liquidity
Bank was prepared for liquidity issues and acted quickly and appropriately
Daily repo operations are intended to keep Fed funds rate within the target range

Incoming ECB President Lagarde: Trade war is weighing "like a big, dark cloud" on the global economy - CNBC

U.S.: Services PMI, September 50.9 (forecast 51.5)

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