Posts Tagged ‘federal open market committee’

Fed announces QE3 with mortgage backed securities purchases every month

Nathan Andrada – Fourth Estate Cooperative Contributor Washington, DC, United States (4E) – The U.S. Federal Reserve announced it is undertaking open-ended purchases of $ 40bn worth of mortgage backed securities (MBS) every month expanding it long-term securities holdings. The move is the third round of quantitative easing the Fed has made since 2010 as […]

U.S. stocks rebound Tuesday after steep sell-off Monday

Diane Alter – AHN News Reporter New York, NY, United States (AHN) – U.S. stocks jumped right after the opening bell on Tuesday, trying to make up for the steep losses equities faced Monday. Just after 9:30 a.m., the Dow Jones Industrial Average rose 143 points, the Standard and Poor’s 500 Index was up 16 […]

Weekly Recap Oct 8 – U.S. Markets

Mitchell Jaworski – AHN News Reporter New York, NY, United States (AHN) – U.S. markets finished the week at their best levels since May as investors shook off mixed unemployment data and took solace in a strong start to earnings season. Before Friday’s opening bell, the Labor Department said nonfarm payrolls declined by 95,000 in […]