HousingWire – Brena Swanson
The market expected the announcement of the end of quantitative easing Wednesday, putting an end to a more than two-year-old asset purchase program. “Slightly less expected, however, is that despite the recent market volatility, the statement issued after the Federal Open Market Committee meeting was, if anything, more hawkish,” Capital Economics said in response to the announcement. Unexpectedly, the Fed still thinks it will be a "considerable time" before it begins to raise interest rates. Indeed, the Zero Interest Rate Policy remains in full force, as it has been since inception at the end of 2008.
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