21 September 2011
21 September 2011
New “Twist” of US Federal Reserve
| On Wednesday the US Federal Reserve announced its decision to resort to so-called «operation twist», a financial stimulus policy used in the 1960’s. The operation’s goal is to push down the yields on long-term bonds without short-term rate changes. As a result, interest rates should also go down, including mortgages and business loans. This will give consumers and business companies an opportunity of easy loan access. Read more |