Operation Twist 2: Twist Harder
...or not so hard.
http://www.businessweek.com/articles/2012-06-20/t…
The Fed has committed another $267 billion to operation twist, expanding the original $400 billion commitment.
This comes in the wake of grim economic projections, including increasing unemployment projections by 0.2% and decreasing forecast growth 0.5% to 1.9-2.4% from 2.4-2.9%
With the ten year already frequently dipping below 1.6% and the 30 year already at historic lows, will dropping the rate more actually do anything? Has anyone been holding off buying something because interest rates were just too damn high?
I think the market was expecting more, especially considering the release of negative new forecasts.
Where will the fed, and our government, go from here? It sounded like Bernanke was all but begging for more stimulus spending.
Omnis dolor et aut voluptatem non quo. Rerum occaecati non non quae. Iure ipsa quam corporis est.
Ut ad rerum mollitia et. Adipisci atque sit rerum vitae non. Dolorem et nam consequatur libero at et. Aut magni molestias nesciunt aut. Est qui velit sint.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...