NEW YORK ( TheStreet) -- There are many important headline stories having an impact on all investors as we reach the mid-point in December.
One of these was the outcome of the Federal Reserve's Open Market Committee's quarterly meeting leading to mostly encouraging news.
The report explained, "The central bank replaced a more modest stimulus program due to expire at year-end with a fresh round of Treasury purchases that will increase its balance sheet. It committed to monthly purchases of $45 billion in Treasuries on top of the $40 billion per month in mortgage-backed bonds it started buying in September."That's a total of $85 billion per month. There was even a surprise element to Ben Bernanke's iteration of the FOMC policy decisions. The Fed decided to embrace numerical thresholds for policy, a step that had not been expected until early next year. These included targets concerning employment and inflation which the Fed is aiming for. TheStreet.com's Director of Research Stephanie Link was asked in a recent CNBC interview her views on how the FOMC's policies and Bernanke's press conference might impact upon the financial markets. Link was referred to as "the trader
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV