This week the Fed will buy more than half of the $500bn in govt debt purchases that was only announced on Sunday!
Wall Street Journal report. With half gone in a week the Federal Reserve will have to substantially increase the size of their commitment.
- the Fed will have bought more than half of the $500 billion in Treasury securities in one week with little sign of restored market functioning
- pointing to a growing likelihood for a much more aggressive round of purchases than appeared likely just a few days ago
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