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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?


To: William H Huebl who wrote (45277)12/30/1999 8:47:00 AM
From: Haim R. Branisteanu  Read Replies (2) | Respond to of 94695
 
Pumping more money and firing up inflation

Thursday December 30, 8:24 am Eastern Time

Fed added reserves via 14-day fixed system RPs

NEW YORK, Dec 30 (Reuters) - The Federal Reserve said on Thursday that it added temporary reserves to the banking system through fourteen-day fixed system repurchase agreements.

All the repurchases are for tri-party settlement.

Federal funds were trading at 3-1/2 percent at the time of the operation, below the Fed's target for the rate.