Fed feedback: bombshell welcomed but some concern

Reaction to the Federal Open Market Committee's decision to buy Treasuries has been broadly positive but some are concerned by the apparent rashness of a decision about which Fed officials had given scant indication.

One thing there was consensus about was that the move was a surprise.

"The Fed today delivered a major electroshock to the markets," said Marco Annunziata, an economist at UniCredit, a bank. "The Fed has now really stepped in all guns blazing, showing its unequivocal determinatio

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