All In. Limit Down.

All In. Limit Down.

"We're going in strong, starting tomorrow, across the curve", Jerome Powell said, during a somewhat surreal Sunday evening teleconference following the Fed's extraordinary "whatever it takes" moment. He was referring to the newly-announced QE program under which the Fed will buy $700 billion in Treasurys and MBS over an unspecified period. The Fed is not, Powell remarked, "seeking permission to buy other securities" and the committee continues to view negative rates as not appropriate for the U
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