Yesterday's FOMC Statement
The FOMC voted to leave the Fed's target interest rate unchanged at 0.00% to 0.25% for the 49th consecutive meeting yesterday.
They did, in fact, announce the end of the third round of quantitative easing although they will continue to reinvest the cash-flows from the S.O.M.A.
All told, the Fed has now increased its balance sheet through three rounds of quantitative easing by $3.7 trillion, from 6.2% of GDP to 25.7% (see chart).
(The Market Today ONLINE)
A very interesting data set....
