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The Federal Reserve iPod is Blaring The Beatles Today

You may be balled up in a corner somewhere after the last two weeks of market action. The Fed is listening to you & Mrs. Market. (And the Beatles, I’m guessing)…

From Wall Street 24/7:

The Federal Reserve has issued some news that equity investors are going to love, and bond investors may enjoy the news as well as it could stop the blood-letting of bond spreads.  The Federal Reserve has just announced a coordinated action along with The Bank of Canada, the Bank of England, the Bank of Japan, the European Central Bank, and the Swiss National Bank.

The action is said to “enhance their capacity to provide liquidity support to the global financial system… to ease strains in financial markets and thereby mitigate the effects of such strains on the supply of credit to households and businesses and so help foster economic activity.”

Read more:  Global Central Bank Intervention Arrives – 24/7 Wall St.

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  1. Pingback: » Market Update: Shoveling In A Blizzard I heart Wall Street.

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