FOMC statement TO-day 2:15 EST

UPDATE: Release is out (hit the link)…and do the twist

In case you were all living under a rock(those of you who were foreclosed on) …The greatest anticipatory non-event(economically speaking) since, well the last FOMC release, is at 2:15….

Keep your F5 finger loose….

http://www.federalreserve.gov/newsevents/press/monetary/20110921a.htm

 

To support a stronger economic recovery and to help ensure that inflation, over time, is at levels consistent with the dual mandate, the Committee decided today to extend the average maturity of its holdings of securities. The Committee intends to purchase, by the end of June 2012, $400 billion of Treasury securities with remaining maturities of 6 years to 30 years and to sell an equal amount of Treasury securities with remaining maturities of 3 years or less. 

 

 

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