FED's Operation Twist to be continued!

The Fed announced its action in a statement after a two-day policy meeting.

The central bank will continue a program called Operation Twist through year’s end.

Under the program, the Fed has been selling $400 billion in short-term Treasurys since September and buying longer-term Treasurys. It said it will extend the program through December using $267 billion in securities.

But extending Operation Twist might not provide much benefit. Long-term U.S. rates have already touched record lows. Businesses and consumers who aren’t borrowing now might not do so if rates slipped slightly more.

http://finance.yahoo.com/news/fed-extends-twist-program-drive-164859122.html

 

 

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