Fed: Support Steady as She Goes, Expands SMID Loan Program

Last week’s Federal Open Market Committee meeting concluded with no news and not much different from the Fed’s previous plans to expand its balance sheet to stabilize markets. Policymakers once again made it clear, as if it were really necessary, that the Fed has the market’s back.

Anyway, it is not as if any trader or investor conscious for the past eight weeks ever doubted the Fed’s desire to appease. But you know, it’s just a little love in these tough times. At the conclusion o...

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