Markets Tick Higher as Fed Plans to Continue Purchases
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U.S. markets are largely higher now than pre-2:00pm ET today following a statement from the FOMC.
The Fed plans to continue purchasing additional agency mortgage-backed securities at a pace of $40 billion per month and longer-term Treasury securities at a pace of $45 billion per month. Also noted was that fiscal policy has become "somewhat more restrictive."
For the full Fed statement, click here.
The S&P 500 is up 12 points, the Dow Jones is up 84 points, and the Nasdaq is 26 points better today.
The Fed plans to continue purchasing additional agency mortgage-backed securities at a pace of $40 billion per month and longer-term Treasury securities at a pace of $45 billion per month. Also noted was that fiscal policy has become "somewhat more restrictive."
For the full Fed statement, click here.
The S&P 500 is up 12 points, the Dow Jones is up 84 points, and the Nasdaq is 26 points better today.
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