FED Meeting Outcome

The FED decided to buy about $300 billion in longer term US treasuries today, along with another $750 billion in mortgage backed securities.

I am not sure how this will turn out in the long run, but wall street sure seems happy today.

This is effectively going to push down consumer & business loan rates and in turn provide a shot of energy to the market. That is if people are confident enough to borrow, who am I kidding, we are Americans, borrowing is what we do best (or worst).

On the flip side, the dollar will weaken and personal debt will increase. Lets just hope Bernanke can reign in the inflation this type of action will cause better than his predecessor did.

My Ireland vacation just got a little more expensive. Thanks Big Ben!