FED PLANS TO INCREASE RATES WHEN UNEMPLOYMENT FALLS TO 6.5 PERCENT
By Cain Brothers
The big news in the capital markets earlier this month was the announcement of further quantitative easing (QE) by the Fed.
As Operation Twist, the selling of short-term Treasuries to buy longer-term bonds, has come to the end of its run, Chairman Bernanke announced QE4, which will feature Fed purchases of $45 billion of long-term Treasury bonds, while continuing the monthly purchase of $40 billion of mortgage-backed securities.
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