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ITMS

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Tuesday, 01/03/2012 3:59:49 PM

Tuesday, January 03, 2012 3:59:49 PM

Post# of 784
New Fed Transparency Buys Time For The Stock Markets

This afternoon, the Federal Reserve Bank announced that they would be more transparent regarding their balance sheet in 2012 and beyond. The central bank also said that they would release each Federal Open Market Committee member’s individual forecasts for the appropriate level on the target federal funds rate in the fourth quarter of the current year and the next few years. Currently, the Federal funds rate has been held at zero to a quarter percent since December 2008. The federal funds rate is the overnight lending rate from the Federal Reserve to the large major banks such as J.P. Morgan Chase & Co (NYSE:JPM), Citigroup Inc (NYSE:C), Wells Fargo & Co (NYSE:WFC), and Bank of America Corp (NYSE:BAC). ...Continue reading here: http://bit.ly/z6cHFR

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