U.S. effective fed funds rate jumps on Monday: New York Fed data

September 17, 2019 admin Business News Comments Off on U.S. effective fed funds rate jumps on Monday: New York Fed data

What U.S. banks charge each other to borrow reserves overnight jumped on Monday, prompted by a jump in money market rates amid scarcity in cash available for lending, according to data from the New York Federal Reserve released on Tuesday.

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Source:: Reuters – Business News