Headline Details

UPDATE 1-J.P. Morgan, Morgan Stanley see U.S. Fed may cut interest on reserves next week

Published on: Fri, 26 Apr 2019 19:33:06 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, two primary dealers said on Friday.

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