FBC Countdown To The Closing Bell January 3, 2013
With a dose of past hour, the fed released the minutes from its december meeting. It reveals that policymakers believe they can tap the brakes before the end of the year. Back in january, it would purchase 8500 worth of securities each and every month. A combination of later dated treasuries and Mortgage Backed securities. What does this mean for your money . Lets look at how the markets are reacting to the news. Stocks are holding heavy. We are now down. Down about ten points for the Dow Jones Industrials. Use all that we are slightly lower for the moment. Maybe ten year yields rising sharply...
Source: archive.org