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FOMC Expands QE3 to $85B; Launches Thresholds For Zero FFR
Market News International | Wednesday, December 12, 2012
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Federal Reserve policymakers moved in dramatic fashion Wednesday to continue stimulating the struggling U.S. economy into the new year.

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Before the financial crisis of 2008-09, it would have been significant news if yields on municipal bonds had exceeded those on Treasury securities at any maturity, and that occurrence likely would have attracted a variety of investors seeking to take advantage of the relative-value opportunity.

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