Repo Madness: The Rest of the Story
New York | The Federal Open Market Committee cut the target for short-term funds another quarter point last night, raising the question as to whether the central bank can actually defend the 1.75% upper bound of the new policy range. Fact is, demand for short-term funding is pulling rates higher as the year draws to a close. Ray's Camp, The Flowage, Princeton, Maine We got to dine with the risk committee this week, revealing new aspects of the recent repo kerfuffle that dese