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Important announcement from the US Federal Reserve extending emergency programs
The US Federal Reserve announced Monday that its Liquidity Facility for Commercial Paper, Money Markets, Primary Dealers, and Paycheck Protection Program will be extended through March 31, 2021.
The US Federal Reserve said that these programs are separate from the credit facilities that the US Treasury Department recently ordered to close on December 31.
The Federal Reserve stated that liquidity facilities continue to support market performance and boost credit and that an extension of these programs has been approved by the US Treasury and this will help support the market during the first quarter of 2021 to help recover from the pandemic.
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