Money market rates slipped Monday after central banks unveiled new steps to rescue a wounded global financial system in a bid to boost investor confidence and to prevent a worldwide recession.
The interbank cost of borrowing in US dollars, sterling and euros all fell. Three-month euro Libor posted its biggest decline this year, three-month dollar Libor had its steepest fall since March, and Euribor rates eased across the board.
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As Americans head to the polls in 2024, the very future of our country is at stake. At HuffPost, we believe that a free press is critical to creating well-informed voters. That's why our journalism is free for everyone, even though other newsrooms retreat behind expensive paywalls.
Our journalists will continue to cover the twists and turns during this historic presidential election. With your help, we'll bring you hard-hitting investigations, well-researched analysis and timely takes you can't find elsewhere. Reporting in this current political climate is a responsibility we do not take lightly, and we thank you for your support.
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