Weekly Fundamentals – Reaction of Fed’s QE Expansion Short-lived

The FOMC and the SNB held policy meetings last week. The Fed expands the size of asset purchases by US$45B as Operation Twist expires by the end of the month. Purchases will be open-ended, additional to current purchases of mortgage-backed securities totaling US$40B per month.

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Weekly Fundamentals – Reaction of Fed’s QE Expansion Short-lived