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The Energy Report - QE is forever!

Diamonds are forever and we thought that quantitative easing was as well. So much for Federal Reserve transparency, it is very clear after the release of the Fed minutes that the Federal Reserve either misled the market after the last Fed meeting or there is something more sinister going on.

In The last Fed Statement the fed said quite clearly that that their intention to keep the target range for the federal funds rate at 0 to 1/4 percent as long as the unemployment rate remains above 6-1/2 percent, Inflation above 2 percent. Traders assumed that that included quantitative easing as the Fed talking about the woes of the fiscal cliff and the turmoil in the global economy would continue to support thi dual mandate by continuing purchasing mortgage-backed securities at a pace of $40 billion per month and purchase longer-term Treasury securities at a pace of $45 billion per month.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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