RealNews

Markets stabilize as central banks pump in billions

News that central banks around the world are pumping billions of dollars into money markets in a bid to ease the current financial turmoil appeared to calm stock markets across Europe and the United States Thursday. The package of up to $247 billion comes from the U.S. Federal Reserve, the European Central Bank, the Swiss National Bank, the Bank of England, the Bank of Canada and the Bank of Japan. The injection of cash, which amounts to an expansion of up to $180 billion in available funds, is an effort to fuel economic activity. Full Story

OODA Analyst

OODA Analyst

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