Fed to Maintain Stimulus After Ending Treasury Purchases

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Johnny Oxygen's picture
Johnny Oxygen
Status: Diamond Member (Offline)
Joined: Sep 9 2009
Posts: 1443
Fed to Maintain Stimulus After Ending Treasury Purchases

http://www.bloomberg.com/news/2011-06-22/federal-reserve-to-maintain-rec...

 

Federal Reserve officials said they will maintain record monetary stimulus to support a flagging economic recovery after completing a $600 billion bond-purchase program as scheduled this month.

“The Committee will complete its purchases of $600 billion of longer-term Treasury securities by the end of this month and will maintain its existing policy of reinvesting principal payments from its securities holdings,” the Federal Open Market Committee said today in a statement after a two-day meeting in Washington. “The economic recovery is continuing at a moderate pace, though somewhat more slowly than the committee had expected.”

 

cnbbaldwin's picture
cnbbaldwin
Status: Bronze Member (Offline)
Joined: Apr 23 2008
Posts: 59
Commodities Futures Take a Hit!

Futures sure are acting like the easy money will stop (at least for a while).  Dollar up everything else DOWN!

http://finviz.com/futures_performance.ashx

 

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