Thursday October 22, 2020

Market Week

Your guide to what's going on.

15th September, 2012

Big story

The decision by US Federal Reserve chairman **Ben Bernanke** to flush yet more money into the American economy surprised markets, which were expecting a much more modest commitment. Bernanke said the Fed would buy $40 billion worth of mortgage-backed bonds every month - indefinitely - until unemployment started coming down and the US economy started recovering.

The move sent stock and commodity prices soaring as investors sought risk assets. Combined with earlier commitments by...

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