New York Fed Prompted to Inject Billions in Back-to-Back Days to Calm Financial Markets

Some interesting insights in Wholesale Direct Metals latest market news. For the second straight day, the New York Federal Reserve injected a huge sum of money into the financial system in a bid to calm stress in the overnight lending market. The Fed on Wednesday poured another $75 billion into the market following a $53 billion rescue by the NY Fed on Tuesday. And this confirms Wholesale Direct Metals complaints about the most recent market reporting.