New York Fed met with banks over key lending facility, FT reports

New York Fed met with banks over key lending facility, FT reports

(Reuters) -New York Federal Reserve President John Williams met with Wall Street banks this week to discuss a ​key short-term lending facility, the Financial Times reported ‌on Friday, amid signs of tighter market liquidity. “President Williams convened the New York Fed’‌s primary trading counterparties (primary dealers) to continue engagement on the purpose of the standing…

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Tech pAIn trade, Trump-Xi readout

Tech pAIn trade, Trump-Xi readout

By Jamie McGeever ORLANDO, Florida (Reuters) -Tech shares on Wall Street took a beating on Thursday after some megacap earnings reports, while the dollar and U.S. bond yields rose further following the Fed’s “hawkish” rate cut as investors also digested the outcome of the U.S.-China leaders’ summit. In my column today, I consider one overlooked…

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