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(M2) Correction Extends


Late Session Rebound


(M2) Corrective Cycle Remains In Play

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FED: Our last recap piece from Friday:
- MNI EXCLUSIVE: Fed May Formalize QE as Policy Anchor in June
- The Federal Reserve is laying the groundwork to turn its bond buying from a
market-soothing mechanism into an active policy tool aimed at keeping borrowing
costs down to spur economic recovery, former Fed economists told MNI. The shift
could come over the next two policy meetings, perhaps as early as June, as the
central bank gains confidence that measures aimed at unfreezing credit markets
are having the desired effect -- and it obtains greater clarity on the outlook.
- For full story see MNI Main Wire at 21:08 BST 05/01 or contact for access.
MNI London Bureau | +44 0203-865-3809 |
MNI London Bureau | +44 0203-865-3809 |

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