Spooked by the Fed
The market was chugging along nicely until the minutes of the latest Fed meeting hit. If you want to spook this market, nothing is more effective than hinting that the Fed's quantitative easing program will end. QE has been a driving force for years, and it is frightening to think that there may not be an endless reservoir of liquidity.
Some Fed members indicated that it might be a good idea for the Fed's bond-buying to end at some point this year, and they are worried that the central bank can't spend $85 billion a month without negative repercussions down the road....150 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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