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Fed’s emergency facility with consumer focus to open next week, although most eligible debt already looks recovered

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What emergency? The Federal Reserve’s $100 billion Term Asset-Backed Loan Facility is slated to open for business next week, even though a huge swath of eligible assets are trading like the mid-March selloff never happened.

 

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Consumers grew more optimistic about jobs and finances in May, New York Fed says - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Tell me about it 😅 Sure they did. A lie that nobody can prove or disprove without actually asking millions of people. But I'm sure there statistical model are accurate. Accurate to produce the narrative they want that is.
Source: BusinessInsider - 🏆 729. / 51 Read more »