Fed to buy even more debt

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dan_s
Posts: 37289
Joined: Fri Apr 23, 2010 8:22 am

Fed to buy even more debt

Post by dan_s »

The central bank committed to monthly purchases of $45 billion in Treasuries on top of the $40 billion per month in mortgage-backed bonds it started buying in September. It also said it will keep its near-zero interest-rate program in place until the U.S. unemployment rate falls to 6.5 percent from its current 7.7 percent.

"The actions by the Fed were more aggressive than investors anticipated," said Michael Sheldon, chief market strategist at RDM Financial in Westport, Connecticut.

"The asset-purchasing program is probably larger and more comprehensive than some might have thought."
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We just keep printing more money. This should support oil prices.
Dan Steffens
Energy Prospectus Group
mdwitte

Re: Fed to buy even more debt

Post by mdwitte »

..and gold prices, too...but market manipulation will just delay the "day of reckoning"...
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