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Deficits

  • Fed Intervention Shows Deficits Do Matter

    Min C. Chiu shutterstock 1176443113 scaled 1

    The New York Federal Reserve injected more than $300 billion in loans into the repurchase agreements (repo) market last week. That same week, the Congressional Budget Office announced a year-over-year increase of $39 billion in the quarterly deficit to bring the government’s in-the-red total for 2020’s first quarter to $358…

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