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.
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