Fed likely to continue MBS purchases to secure housing recovery
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HW-The Federal Open Market Committee has another distinct opportunity in its latest Federal Open Market Committee statement to argue its third-round of open-ended quantitative easing is working, according to Bank of America Merrill Lynch ($11.38 0%).
The FOMC wraps up the meeting today and will release the minutes weeks from now, but analysts already expect ongoing FOMC support for mortgage-backed securities purchases.