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FYI

Posted by Richard640 @ 10:33 on May 30, 2020  
Wolf Richter
May 29, 2020 at 8:46 pm

sunny129,

“Fed says it ‘plans’ purchase up 250 Billions in out standing Corporate debt and up to 500 Billions in the newly issued debt!” 

That’s WSJ hype, which is part of the jawboning the Fed is doing. Powell has already said several times that the Fed has accomplished its goals. So it might not do a whole lot more as long as the market doesn’t re-collapse.

Reply
  • Phoenix_Ikki 
    May 29, 2020 at 10:07 pm

    So another word, this hyped up rally is prop up by more hype by the FED, one hype begets another.

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.