Wall Street's funding markets exhale after Fed moves to boost short-term liquidity
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NEW YORK (Reuters) - Fears of a credit crunch in Wall Street's cash-starved funding markets eased Tuesday after the Federal Reserve announced a series of moves aimed at bolstering liquidity and improving investor confidence amid a spreading coronavirus pandemic. Prices for high-grade commercial paper - short-term loans that companies use to meet financing needs for things like payrolls, accounts payable and inventories - improved after the Fed announced the reintroduction of its Commercial Paper..