The Fed announced a plan to spend up to $300 billion buying government bonds and spend another $750 billion on mortgage backed securities. Stocks went up on the news after dropping yesterday and starting the day down. While stocks went up, the dollar fell in relation to other currencies. This is sparking some inflation concerns. Along the same lines, consumer prices rise 0.4% last month.
More at http://finance.yahoo.com/news/Stocks-jump-after-Fed-says-it-apf-14683550.html, http://www.iht.com/articles/2009/03/18/business/fed.php, http://finance.yahoo.com/news/Fed-to-buy-up-to-300B-apf-14679757.html, and http://finance.yahoo.com/news/US-consumer-prices-rise-04-apf-14675456.html.
Wednesday, March 18, 2009
Subscribe to:
Post Comments (Atom)
Like what you read; Subscribe/Fan/Follow
No comments:
Post a Comment