http://www.vanguard.com/us/insights/article/economic-week-review-06222012
Economic Week in Review: Fed to lend a helping hand, again
June 22, 2012
The U.S. Federal Reserve was back at the center of the week's economic news, as Chairman Ben Bernanke said the Fed would extend its efforts to boost economic growth. The continuation of the Fed's "Operation Twist" is aimed at driving down borrowing costs to stimulate business and consumer spending. Underscoring concerns about the state of the economy, a major credit rating agency late Thursday downgraded its ratings on 15 major international banks, including 5 of the largest U.S. banks. For the week ended June 22, the S&P 500 Index fell 0.6% to about 1,335 (for a year-to-date total return—including price change plus dividends—of about 7.3%). The yield on the 10-year U.S. Treasury note rose 7 basis points to 1.67% (for a year-to-date decline of 22 basis points).
Fed continues Operation Twist
(Article does continue. Zim.)
Mad Poet Strikes Again.
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