NY Fed Doubles-Down on Repo Intervention as Bank Cash Crisis Rattles Markets

Dollar Bubble is bulging at the sides. Stock up.

The New York branch of the U.S. Federal Reserve will step in and offer billions more in liquidity to gummed-up intrabank lending markets Wednesday, following the first intervention in more than a decade only yesterday, as a worrying spike in overnight borrowing costs continues to perplex investors and complicate today’s Fed rate decision.