Analysts expect the US Federal Reserve to announce today that it will commit $500 billion to engage in further quantitative easing through the buying of government bonds.
“We expect the statement will announce an intention to purchase $500bn of longer-dated Treasury securities over the next six months,” said Michael Feroli at JP Morgan Chase. “In addition, we expect the statement will express a willingness – but not necessarily a bias – to further increase asset purchases if warranted by economic conditions.”
Source: BBC News
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.