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NEWS ABOUT: Operation Twist

More About:  US economy • bonds • Dow Jones • Federal Reserve • Wall Street

Dow Tanks at Open

Follows yesterday's trend, down more than 300 points

(Newser) - Should you need another reason to pack it in and go back to bed: After falling 284 points yesterday following the Fed's announcement of Operation Twist , which investors interpreted as yet another gloomy assessment of the economy, the Dow kicked off today by plunging even more—a lot more.... More »

Fed Tries 'Operation Twist' to Spur Growth

Move intended to hold down long-term interest rates

(AP) - The Federal Reserve says it will sell $400 billion of its shorter-term securities to buy longer-term holdings, its latest effort to boost a weak economy. The Fed's move to rebalance its $2.87 trillion portfolio could lower Treasury yields further. Ultimately, it might reduce rates on mortgages and other... More »

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