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20.09.2011 17:47

Reminder - FOMC meeting started 10:30am ET today and ends on Weds afternoon. Announcement is expected at about 2:15pm ET Weds. Fed Likely to Begin ‘Operation Twist’

Federal Reserve officials tomorrow will probably announce a program for monetary easing that will do little to help 14 million unemployed Americans find work. The Federal Open Market Committee will decide to replace short-term Treasuries in its $1.65 trillion portfolio with long- term bonds. Fed will reduce longer-term yields by about 0.1 percentage point by announcing a swap of $300 billion to $400 billion in Treasuries, selling securities with one to three years remaining maturity, and purchasing mostly those with seven to 12-year maturity.

20.09.2011 17:17

European stocks close:

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