Fed Overshadows News Today

Since 2007. stocks spikes across the economic spectrum. that was in response to the federal reserve led by ben bernanke initiating the third stimulus program to boost the economy, qe3. the fed will buy $40 billion of mortgage backed debt until the outlook of jobs improves. they also said they were unlikely to raise interest rates from current lows until mid-2013. the effects were immediate and dramatic encouraging riskier investment. the greenback is a seven month low against the yen and four mo...