Activity likely to increase now that fate of healthcare reform is largely resolved
The capital markets continue to reflect the combined efforts of most major central banks to depress interest rates to promote more rapid economic growth and (hopefully) higher employment. The U.S. Federal Reserve’s efforts are meant to seek price stability and full employment, but boosting employment is dominating its policies right now.
This has meant keeping interest rates very low by printing $85 billion monthly through bond purchases which have led to a $3 billion balance sheet – versus less than $1 billion in early 2008.
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