Fed infusion reins in short-term rates

Real estate brief

EMBRACE. FOCUS. EXECUTE. Build your 2019 roadmap to success with 4,000+ real estate leaders.
Inman Connect New York | January 29 - February 1, 2019

In an attempt to encourage overnight loans between banks, the Federal Reserve today authorized a $180 billion expansion of swap lines with the European Central Bank and other overseas central banks.

In a separate move, the Federal Reserve Bank of New York reportedly made $105 billion in repurchase agreements available to keep the effective federal funds market trading close to the Fed’s 2 percent target rate..