Fed to extend QE by $45bn per month
The Federal Reserve gave equity markets a fillip today (December 12) as it unveiled further stimulus measures aimed at bolstering the US economy. The central bank said it will continue to buy longer-term Treasury securities after its programme to extend the average maturity of its Treasury holdings (Operation Twist) expires at the end of the year, at a rate of $45 billion per month.
The Fed opted to bolster its third round of quantitative easing (QE3), which started with a September decision to
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