What’s the fed’s big moves this week mean to you? (Jim Wasserman, Sacramento Bee)

March 28, 2009

Jim Wasserman raises many interesting points.

All the breathless media coverage of the Fed’s decision this week to spend another $1.2 trillion to buy mortgage-backed securities and more Fannie Mae and Freddie Mac mortgages insinuated that interest rates would take a quick and deep dive into 4 percent territory.

Read the whole article

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