Not All Data Support QE3 but Core FOMC Still Does

[BondMoves.com]

In undertaking the Maturity Extension Program (Operation Twist) last September, the FOMC sought to “support a stronger economic recovery and help ensure that inflation over time is at levels consistent with the Federal Reserve’s mandate to foster maximum employment and price stability.” As the $400 bln program passed the half way point this week, dealers are evaluating the progress toward...http://feeds.feedburner.com/~r/BondMoves/~4/Asr6EEbU8DY

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