The Fed pumps another $75 billion into financial markets, continuing capital-injection plan

The Federal Reserve on Wednesday sold another $75 billion in market repurchase agreements, or repos, in a continued effort to calm money markets and bring interest rates within its intended range.
The round was oversubscribed, as banks requested nearly $92 billion in overnight repos, signaling strong demand for the asset.
The bank began a streak of repo offerings last week, marking the first time such assets were sold since the 2008 financial crisis. The central bank said the offerings would con