Federal Reserve Pauses Tightening as Emergency Lending Hits $300 Billion

New data uncover that the Federal Reserve equilibrium expanse has surged to its highest level since November arsenic the cardinal slope attempts to avert the contagion of the banking crisis. The Fed’s equilibrium expanse for the week ending March 15 accrued $297 billion, hitting a five-month precocious of $8.639 trillion. Since climbing to an April highest of $8.965 trillion, the U.S. cardinal slope has gradually reduced its equilibrium expanse for the past 10 months by...