Good morning! Here’s what you need to know: ______________________________ OVERVIEW The Fed is willing to provide additional accommodation to spur growth. Gold is soaring in anticipation of more dollar-destroying action from the Fed. Larry Summers is quitting his job as Thrasher in Chief of the US Economy. If you’re rich, you’ll pay higher taxes next […]
Category Archives: Finance at First Light
Fed to Spur Growth; Summers Spares Nation by Quitting
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Tagged China, Federal Reserve, Financially Stupid People, housing, Summers, Taxes
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Finance at First Light
Good morning! Here’s what you need to know. The Federal Reserve will announce its latest interest rate decision at 2:15 ET. Most economists expect no change, and believe the Fed will keep its word about using proceeds from principal payments on its agency mortgage-backed securities and agency debt to buy Treasuries. Pimco’s Richard Clarida told […]
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