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Fed To Buy Securities…Markets Rise Off Lows

Fed To Buy Securities...Markets Rise Off Lows
Federal Reserve Districts Map

This story is developing…

The Federal Reserve Bank of the United States just announced more asset purchases beyond short term Treasuries in order to provide financial liquidity to companies as business conditions essentially halt and markets crater due to the Chinese coronavirus.

The Fed also announced $1.500B in new liquidity for the financial system in 3 month repo operations.

However, there was no mention of the dreaded ‘QE’.

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