Fed Boosts Daily QE by 66% Overnight to Record $75 Billion in One Day

from Zero Hedge

Overnight saw the addition of yet another four-letter-acronym bailout fund from The Fed but signals from the market suggest that they are once again losing control of the dollar-shortage-driven liquidity crisis as the FRA-OIS spread has started to rise sharply once again…

So, what does The Fed decide to do?

Simple – increase its daily QE buying of bonds by 66%, buying a record $75 billion of US Treasury bonds each of today and tomorrow.

Continue Reading at ZeroHedge.com…