International Market Update-Monthly

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The Fed delivered on promises of QE3, as a new opened-ended bond buying program and a continuation of Operation Twist were announced. The FOMC will pu.....

Executive Summary

The Fed delivered on promises of QE3, as a new opened-ended bond buying program and a continuation of Operation Twist were announced. The FOMC will purchase additional agency mortgage-backed securities at a pace of $40 billion per month. There was no timetable given on when this new bond-buying program will end, instead they left it open-ended. The Fed also said it will keep the target range for the federal funds rate at 0-0.25% at least through mid-2015.

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International Market Update-Monthly

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