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FOMC

Fed Extends the TALF

The Fed just announced that they will extend the Term Asset-Backed Securities Loan Facility (TALF) program to March 2010 from its original expiry date of Dec 2009, and to Jun 2010 for CMBS.  The TALF was designed to help stoke the asset backed security market in an attempt to help unlock consumer and small business […]

Fed Leaves Rates Unchanged, But Begins to Scrap Treasury Purchase Program

As expected the Fed announced no changes to the target range for the federal funds rate, which currently stands at between 0% and 0.25%. The market was trading up  prior to the announcement on what was generally expected to be a more constructive economic outlook from the Fed.  In fact the Fed did seem more […]