U.S. Fed moves to ensure liquidity in money market mutual funds

WASHINGTON/NEW YORK - The U.S. Federal Reserve rolled out its third emergency credit program in two days to battle the fallout from the virus crisis, this one aimed at keeping the $3.8 trillion money market mutual fund industry functioning if investors make rapid withdrawals.

Money market mutual funds are meant to serve as low risk places for households and companies to hold cash, and limit their investments to high-grade assets like government bonds and a type of short-term corporate credit known as commercial paper. While there have not been widespread redemptions from money market funds and total fund assets rose by nearly $94 billion last week, investor demands for cash have been increasing.

So , according to ICE 9 scenerio NYSE may be shut down completely now.

And what are we supposed to do with the (presumed) pictured $60.30?

Trump is really doing a fantastic job. He’s changed my whole perception. I’m voting for him this time

Our economy is being exposed for what it is.. FAKE.. we can always print more money it seems🤔💭

c.2007...

Mouais 🤐

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stock market live updates: White House and Fed boost stocks, Dow up 1,000, Oil drops 6%Stocks attempted a rebound on Tuesday after the Dow and S&P 500's worst day since 1987 on Monday. GREAT let get gas down to a 1.50 gallon. WTI Member people who called a bottom like, well hundreds of millions of losses ago? For every bottom calling hero that is born from this, there is a path littered with corpses. I’m fine with not trying to be a hero.
Source: CNBC - 🏆 12. / 72 Read more »

Stock market live updates: White House and Fed boost stocks, Dow up 600, Boeing cratersThe Dow dipped below 20,000 this morning, but later recovered. Here’s what 5 experts have to say about the market volatility amid the coronavirus pandemic. buy now. when this blows over people are going to party like crazy. This sounds like the stimulus support that we've been looking for, so I think that it's ok to buy incrementally. In total, the package sounds right at maybe $2t to $3t. Don't be mistaken, there will be more bad news, but this news just shortened the distance to a bottom. Report something positive...quit the negative reporting!!!!!!!!!!
Source: CNBC - 🏆 12. / 72 Read more »