A New Round of Fed Stimulus & the New Abnormal
September 14, 2012 at 06:53 AM EDT
Yesterday’s announcement by the Federal Reserve that it will embark on a new and open-ended bond-buying program until job growth is stronger has many implications for the markets and the economy. One is deciding what the latest chapter in monetary stimulus means for the new abnormal. That’s my phrase for the unusually high positive correlation [...]