Alex’s Notes: I find the term “Treasury” almost ironic in todays market.

Isnt a “Treasury” supposed to be something filled up with wealth? Or is the modern definition, filled up with debt that cant be repaid?

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Fed Keeps Rate Near Zero, Is Ready to Buy Treasuries (Update5)
By Craig Torres

Jan. 28 (Bloomberg) — The Federal Reserve left the benchmark interest rate as low as zero, said it’s prepared to purchase Treasury securities to resuscitate lending and warned inflation may recede too quickly.

The Fed is ready to buy “longer-term Treasury securities if evolving circumstances indicate that such transactions would be particularly effective in improving conditions in private credit markets,” the Federal Open Market Committee said in a statement today in Washington. Any purchases before the FOMC’s next meeting in March would still need a vote to authorize the action.

Full article

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