QE∞ is now QE∞er, and QE4 is official as the Fed announces $45 billion in NEW unsterilized monthly treasury bond purchases, exactly as expected by the market.
- FED INCREASES QE WITH $45 BILLION IN NEW MONTHLY TREASURY PURCHASES
- FED TO CONTINUE MORTGAGE BONDS PURCHASES AT $40 BILLION PER MONTH
- OPERATION TWIST EXPANDED INTO UNSTERILIZED BOND MONETIZATION
- MONTHLY PURCHASES TO TOTAL $85 BILLION
- FED: RATES TO STAY EXCEPTIONALLY LOW WITH JOBLESS ABOVE 6.5%
- Gold and silver popping
Full FOMC statement below: and Click here to watch Bernanke’s Press Conference on QE4 LIVE at 2:15pm EST: [Read more...]