Money market stress isn't likely to be calmed by recent Federal Reserve capital injections, and will likely get worse through the end of the year, JPMorgan Chase analysts wrote. The Federal Reserve began monthly purchases of $60 billion worth of Treasurys, but the capital will likely remain with primary lenders when non-primary firms are the ones that need it most, the analysts said.
Money market stress isn't likely to be calmed by recent Federal Reserve capital injections, and will likely get worse through the end of the year, JPMorgan Chase analysts wrote. The Federal Reserve began monthly purchases of $60 billion worth of Treasurys, but the capital will likely remain with primary lenders when non-primary firms are the ones that need it most, the analysts said.
is coming...