Federal Reserve initiated a brave and smart plan of $1.8 trillion to revive the damaged economy. According to the plan, Federal Reserve will spend maximum $300 billion to buy long-term government bonds and additional $750 billion in mortgage blocked securities.
At the same time, The Federal Chairman Ben Bernanke also set the short term bank lending rate within the range of 0-0.25%. Economists expects the new rate for lending will be carried for this whole year.
The lending rate revision is well expected for everybody but the additional $1.82 trillion plan is the total surprising for all.
Based on the Federal plan, all the major stock markets experiencing positive movement for maximum indicators
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