Friday, November 16, 2007

Thursday Fed pumps $47.25 billion into US banking system

I don't know how many people have been following this story but this is getting ridiculous.The Federal Reserve injected 47.25 billion dollars into US money markets Thursday to help ease tight liquidity, the central bank said.The Federal Reserve Bank of New York said it had injected the money in three separate operations: 19.25 billion dollars in.

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