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Market Movement: Despite Weakness in Housing Markets, Employment Market is Strong
Aug. 13, 2007. 10:00 AM EST. Analysis and Discussion with Russ Koesterich of Barclays Global Investors: Likes Large-Caps and U.S. Technology; Credit Crunch, Subprime Crisis
Federal Reserve Infusing Market With Liquidity
The Federal Reserve has begun providing liquidity to a market hard-hit by the subprime mortgage sparked credit crunch and said it will continue to “provide reserves as necessary.”
The Fed said Friday that it is providing the support “to facilitate the orderly functioning of financial markets,” noting that “in current circumstances, depository institutions may experience unusual funding needs because of dislocations in money and credit markets.”
Tags: Federal Reserve, Mortgage News, Mortgage Video, Subprime Mortgage, Subprime Mortgage Industry, Todays Economy
