"The Fed really has only one key decision at the meeting, and that is how much of the current program will they replace," said David Jones, chief economist at DMJ Advisors.If, on the other hand, the Fed chooses not to replace Twist with a new bond-buying program, the value of its long-term Treasury purchases will decline by half. Long-term borrowing rates might rise as a result.
Fed Is Expected To Launch New Bond Buying Program
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