Market Extra: How the Fed’s funding struggles highlight the fragility of Wall Street confidence

Market Extra: How the Fed’s funding struggles highlight the fragility of Wall Street confidence

When obscure corners of the financial markets that are typically considered mundane draw outsize attention on Wall Street, it is always cause for investor concern.
That was the case last week when surging overnight borrowing costs laid bare cracks in a key Wall Street funding mechanism, which left many scrambling for cash and the New York Federal Reserve responding by injecting hundreds of…

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