Fed to Inject $1.5 Trillion in <br />Short-Term Funding Markets The remarkable decision <br />by the New York Fed was <br />announced on Thursday. NY Fed, via 'The Wall Street Journal' Short-term lending markets are used <br />by banks so that they <br />can lend to each other. The Fed will also purchase <br />$60 billion in Treasury bonds in order <br />to stabilize that market as well. Such actions by the central bank <br />have not occurred since the 2008 financial crisis. The announcement caused a brief rally on Wall Street, <br />which experienced its second circuit breaker <br />shut down of the week on Thursday. The bounce back was short lived. <br />The Dow was down seven percent <br />in late afternoon trading.
