Yesterday, the Federal Open Market Committee (FOMC) undertook extremely aggressive policy decisions. Not only has it committed to expanding the Fed’s balance sheet until the labor market strengthens “substantially”; it…
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Posted in Global Economy
Tagged currency, euro, Fed, QE3
By starting another asset purchase program, the Federal Reserve delivered on its promise to do more for the economy. The asset du jour, as expected, is Agency Mortgage-Backed Securities. In…
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Posted in U.S. Policy & Politics
Tagged European Central Bank, Fed, QE3, Treasuries
As they typically do, the capital markets have gotten into a waiting game. Look around—all large markets seem to be trading in quite a narrow range. It may be a…
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Posted in Global Economy
Tagged capital markets, China, emerging markets, Europe, QE3, United States