Posts Tagged ‘FOMC’

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. Markets rally following FOMC meeting

As widely expected, the Federal Reserve took no action Tuesday and left interest rates at their historically low levels and announced no other changes to monetary policy. Article © AHN – All Rights Reserved Economy, Business And Finance Stories