Last week, the Fed had to inject liquidity into the repo market for the first time since the Great Recession. Not once, but several times - and also commit to do more. Will such a crack in the proverbial dam let gold's allure shine? Scramble for Liquidity Pushes Rates Up The focus last week was on the FOMC decision to cut interest rates. But a real drama was unfolding in the background. The Fed injected $278 billion into the securities repurchase, or "repo," market over four days, to stabilize short-term interest rates and to calm the repo market scrambling for liquidity. More precisely, the U.S. central bank ... (full story)