Fed's monthly bond purchases endure as economic, vaccination goals fall short

[kmiklas]

So basically the US Federal Reserve is creating money, buying US Treasury bonds, creating artificial demand, and keeping rates down.

USD120B per MONTH flowing into Fixed Income markets. THIS is at heart... THIS is why we're in a bull market during a global pandemic... THIS is what will cause widespread inflation.

I'd like to coin a new term, "Financial Incest." Heard it here first!

I really need to stop reading and start drinking heavily again. Ignorance is so blissful.

Equity and fixed-income investors remain in the dark over when the Federal Reserve will taper its securities purchases, a potentially historic decision that could trigger a run-up in bond yields or a stock market crash, depending on how long the central bank waits to move.

At issue are $80 billion worth of Treasury securities and $40 billion worth of mortgage-backed securities the Fed will continue to buy each month until it decides to tighten its pandemic-induced, accommodative monetary policy...

https://www.spglobal.com/marketinte...conomic-vaccination-goals-fall-short-63773209