"Fed Intervention, Saudi Oil Attack & Auto Manufacturing Slowdown - RTD Live Talk w/ Mike

For the first time in more than a decade, the #FederalReserve injected #cash into money markets Tuesday to pull down #interestrates and said it would do so again Wednesday after technical factors led to a sudden shortfall of cash.

The pressures relate to shortages of funds #banks face resulting from an increase in federal borrowing and the central bank’s decision to shrink the size of its #securities holdings in recent years. It reduced these holdings by not buying new ones when they matured, effectively taking #money out of the #financialsystem.

Find out more in this RTD Live Talk here: