Quote from riskymove:
Evening gents. Just got back and noticing some upward movement in the indexes. Looked for some news and found this snippet - my guess is it is what is contributing to the AH up move given the time corresponding with price action. Good trading.
CNBC reporter says that a Fed source who asked not to be named said that the Fed still has under active consideration a set of tools to addess the liquidity issue
CNBC commentator reports that a fed source who asked not to be named said that the Fed still has under active consideration a set of tools to address the liquidity issue. The source would not say what those tools are, but the CNBC reporter suggested that these actions would occur in the very near term rather than later... CNBC reporter says other potential ideas based on historical discussions with the Fed include lowering the spread between the discount window and the funds rate or long term repo action that would put cash into market for a longer period of time. CNBC commentator also says that it is clear, based on the conversion, that other potential ideas are under discussion. CNBC commentator said the source did not say this but it's reasonable to assume.