Wall Street Rallies as Fed Announces QE3 With Plans to Buy $40 Billion in Mortgage Securities - Presented by: The Aol. On Network

Speculation has swirled over the last few weeks over whether or not the Fed would announce a third round of bond purchases to stimulate the economy, and today the Fed said it will undertake QE3 with $40 Billion in Mortgage Backed Securities Purchases a Month.



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