This Fed Decision Is a Biggie
The two-day Federal Open Market Committee (FOMC) meeting that starts today and ends tomorrow is very important because it's the first meeting of the year, and it's the first since the Dec. 11-12 meeting last year when a new round of quantitative easing was announced.
The minutes of the December meeting, released about three weeks ago, spooked the markets and were the primary catalyst for treasury yields to increase since then. The fact that more than half of the Federal Reserve governors and presidents expressed concerns about continuing QE3 (buying mortgages, announced in September), and QE4 (buying treasuries, announced in December), has shaken bond market participants....562 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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