Headline Details

U.S. Fed may cut interest on reserves next week - Morgan Stanley

Published on: Fri, 26 Apr 2019 16:18:06 UTC
News Agency: Reuters
Description:
The Federal Reserve may lower the interest it pays on excess reserves banks leave with it by 5 basis points at its April 30-May 1 policy meeting in a bid to prevent the federal funds rate from drifting higher, Morgan Stanley analysts said on Friday.

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