Musings on the markets for the individual investor
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No surprise there. Sounds like they talked about cutting back agency debt purchases.
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What? cutting back debt purchases? The banks wont like this!
Comment by Randal — 11/4/2009 @ 3:23 pm
Peter Boockvar:
“Bottom line, the Fed seems solely focused on keeping the yield curve as steep as possible in order to further recapitalize the banking system and also to boost the housing market by trying to keep mortgage rates low. They don’t care about the US$ and thus don’t care about inflation. DOVISH is the word of the day!”
Comment by BMB — 11/4/2009 @ 3:32 pm