JPMorgan pulls $350bn from Federal Reserve to buy up Treasuries
Biggest US bank has moved to lock in higher yields ahead of central bank rate cuts
Biggest US bank has moved to lock in higher yields ahead of central bank rate cuts

US central bank to purchase short-term Treasuries just weeks after it stopped shrinking its balance sheet

Rising costs in consumer unit are a ‘big part’ of overall increase in spending

Wall Street cheers plans that would water down protections designed to avoid repeat of 2008 financial crisis

Bank’s 10-year plan will help companies in defence, energy and other critical sectors raise funding

Devaluation of collateral will limit credit to firms that have become top lenders to higher-risk companies

Discussions will include American and international insurance watchdogs