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FOMC Introduces $600 Billion QE 2 Package

posted by Avatar FXTimes 570 days ago in Fundamental, Sentiment, Inflation

The FOMC has concluded its meeting and provided details about its Quantitative Easing 2 plans.
1. Fed will buy $600B of Treasuries, larger than the expected $500B coming into the meeting today.
2. Will go through through 8 months, not 6 that was expected.
3. No mention of buying Mortgage Backed Securities (MBS), and 30-year also not highlighted.
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