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Fed action may hurt more than help The Federal Open Market Committee, which meets Nov. 2-3, is all but certain to announce renewed measures intended to boost the economy. Specifically, the Fed will engage in another round of bond-buying, snapping up government debt with newly created money. It is hardly a secret this is coming; […]
Now that a collapse of the U.S. banking system seems unlikely, stock-market watchers have found a new thing to worry about: rising interest rates
The Bank of England bought £2 billion ($2.8 billion) of government bonds Wednesday as the UK introduced quantitative easing to kickstart the ailing economy. The move comes after the bank cut interest rates from one percent to 0.5 percent last week — a drop of five percent since October last year and the lowest in the bank’s 315-year history