THE FED'S $60 BILLION MONTHLY CASH INJECTIONS AREN'T ENOUGH TO SOLVE RECENT MONEY-MARKET STRESSES, JPMORGAN SAYS

Reuters/Kevin Lamarque Money market stress isn't likely to be calmed by recent Federal Reserve capital injections, and will likely get worse through the end of the year, JPMorgan Chase analysts wrote. The Federal Reserve began monthly purchases of $60 billion worth of Treasurys, but the capital will likely remain with primary lenders when non-primary firms are the ones that need it most, the analysts said. Though some of the cash will make i...

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