News Article

Fed Seen Pumping Up Assets to $4 Trillion in New Buying

Via finance.yahoo.com » Submitted On Tue, 12/11/2012 - 12:27pm by Dakota

The Federal Reserve will amplify record accommodation tomorrow by announcing $45 billion in monthly Treasury buying that will push its balance sheet almost to $4 trillion, according to a Bloomberg survey of economists. Forty-eight of 49 economists predict the Federal Open Market Committee will purchase Treasuries to bolster an existing program to buy $40 billion in mortgage bonds each month.

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