Federal Reserve buys $3.017 bln of Treasuries

Tue Jun 10, 2014 11:17am EDT

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NEW YORK, June 10 (Reuters) - The Federal Reserve on Tuesday
bought $3.017 bln of Treasuries maturing March 2019 through
September 2019 as part of its economic stimulus program, the New
York Fed said on its website.
    Dealers submitted a total of $13.459 billion of Treasuries
for the purchase.
    For full details see: here

 (Reporting by Chris Reese Editing by W Simon)
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Comments (1)
Whether of not this is significant depends on who sold them and received the money – if it was the Chinese it means nothing to our real economy; if it was commercial banks that make loans to the employers and consumers in our real economy it is significant if it gives them more loanable funds.

What’s really happening in our economy and why is rarely explained correctly by the press. Investors and journalists might want to go to Amazon or Barnes and Noble and get “Inflation, Unemployment, and Government Deficits” before they spend or write any further.

Jun 10, 2014 1:33pm EDT  --  Report as abuse
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