![1743b68c9775a2f0fd6556f0f8da40dfaff16510](https://utterbuzz.com/wp-content/uploads/2019/09/1743b68c9775a2f0fd6556f0f8da40dfaff16510-640x427.jpg)
The New York Federal Reserve Bank said Friday it will inject billions into the US financial plumbing on a daily basis for the next three weeks in an effort to prevent a spike in short-term interest rates. The Fed will offer up to $75 billion a day in repurchase agreements — exchanging secure assets for cash for very short periods — through October 10, it said in a statement.