Fed injects $75 bn into money market

NEW YORK, SEPTEMBER 18

The New York Federal Reserve Bank intervened in the US financial markets on Wednesday for the second day, injecting $75 billion to keep interest rates in line within target, the bank said. Unlike the so-called repo operation on Tuesday, when only $53 billion of the offered amount was used, on Wednesday it received $80 billion in requests for the $75 billion offered. AFP