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BREAKING NEWS

US Fed will buy up $600 billion of bonds

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US Fed will buy up $600 billion of bonds

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The US Federal Reserve has clarified the details on a second round of quantitative easing.

In a move designed to shift a stagnating economy, Chairman Ben Bernanke officially committed to a substantial purchase of Treasury bonds. $600 billion dollars worth will be bought up by 2011 in tranches of $75 billion dollars per month.