Posts Tagged ‘Fed’

The Federal Reserve extends "Operation Twist"

Contrary to some market expectations, the Federal Open Market Committee (FOMC) did not announce yesterday a full-fledged third round of quantitative easing, known as QE3. Nevertheless, during its press conference, the Chairman of the Federal Reserve (Fed), Ben Bernanke, announced explicitly that if no sustained improvement in the labour market is observed, further action would […]

United States: a new step in monetary easing

The Federal Open Market Committee (FOMC) went beyond expectations of the markets yesterday by pushing back the timing of the expected first hike from mid-2013 to late 2014, by stating that: “economic conditions are likely to warrant exceptionally low levels for the federal funds rate at least through late 2014”. With a further reduction in […]

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