US commercial paper market shrinks a 2nd week -Fed

NEW YORK, Sept 2 (BestGrowthStock) – The U.S. commercial paper
market contracted sharply for a second straight week as the
slowing economy cooled demand for business credit, Federal
Reserve data showed on Thursday.

For the week ended Sept. 1, the size of the U.S. commercial
paper market, a vital source of short-term funding for
companies’ day-to-day operations, fell by $22.9 billion to
$1.064 trillion outstanding from $1.087 trillion the previous
week.
(Reporting by John Parry and Caryn Trokie; Editing by James
Dalgleish)

US commercial paper market shrinks a 2nd week -Fed