Industry News

Fed’s $41 billion cash infusion doesn’t reassure investors

Stocks, bond yields plunge on economic worries
Published on Nov 2, 2007

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by CareyBot

The Federal Reserve sent $41 billion of short-term reserves surging into financial markets Thursday — the biggest such move since the Sept. 11, 2001, terror attacks — as stocks plummeted over fears that losses in mortgage lending are worsening. Analysts ...