Tuesday 18, September 2012 by Bob Doll
Federal Reserve actions help the rally to continue
The headline news last week was the US Federal Reserve’s announcement of a new round of quantitative easing in which the central bank plans to purchase $40 billion of mortgage-backed securities on a monthly basis (without a predetermined end date). The Fed also pushed back the timeframe on how long it will maintain its current zero-interest-rate policy, indicating that the current level of rates should be in effect through the middle of 2015.
