The Federal Reserve just pledged asset purchases with no limit to support markets
The Fed announced an “endless” quantitative easing to support the economy. The markets soared up.
The press release includes a lot of incentives.
We’re giving you a short summary. In our opinion, there are only two most important points:
- Unlimited QE in relation to government bonds and mortgage securities agencies.
- Repurchase of corporate bonds and various measures of credit support to companies in the amount of $300 billion.
The second point is very important, since it is corporate debts that are now in a severe stress and demonstrate a crushing collapse.
The markets are trying to stabilize on this news.
How long will it last? Share your opinion in the comments!
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