Key quote: Futures show traders boosted odds to 68 percent that the Fed will cut rates when policy makers meet tomorrow to offset financial market turmoil. -- KM


Sept. 15 (Bloomberg) — The Federal Reserve added $70 billion in reserves to the banking system, the most since the September 2001 terrorist attacks, to reverse a surge in borrowing costs sparked by the collapse of Lehman Brothers Holdings Inc.Fed funds traded as high as 6 percent, or 4 percentage points above the central bank’s [...]

Go to Full Article