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Equity Research
The Federal Reserve will slow its purchases of mortgage securities,
seeking to avoid disrupting the housing market as an economic
recovery takes hold. “The Committee will gradually slow the pace of
these purchases in order to promote a smooth transition in markets
and anticipates that they will be executed by the end of the first
quarter of 2010,” the Federal Open Market Committee said in a
statement today after meeting in Washington. The $1.45 trillion
program was scheduled to cease by the end of this year. The Fed has
bought about $862 billion of its $1.25 trillion agency mortgagebacked
securities program, and $129.2 billion of a $200 billion
program of U.S. agency bonds.
http://www.nirmalbang.com/Upload/Daily240909.pdf
seeking to avoid disrupting the housing market as an economic
recovery takes hold. “The Committee will gradually slow the pace of
these purchases in order to promote a smooth transition in markets
and anticipates that they will be executed by the end of the first
quarter of 2010,” the Federal Open Market Committee said in a
statement today after meeting in Washington. The $1.45 trillion
program was scheduled to cease by the end of this year. The Fed has
bought about $862 billion of its $1.25 trillion agency mortgagebacked
securities program, and $129.2 billion of a $200 billion
program of U.S. agency bonds.
http://www.nirmalbang.com/Upload/Daily240909.pdf