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That Fed Announcementby Jeffrey Tucker, Mises Economics BlogNov. 03, 2010 |
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 The figure that everyone has been waiting for: $600 billion. “In addition, the Committee intends to purchase a further $600 billion of longer-term Treasury securities by the end of the second quarter of 2011, a pace of about $75 billion per month. ” 10-year and 3-year rates immediately shot up on the announcement, which is probably not what the Fed wanted but reflects expectations of price inflation down the road. 
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