QE Dashboard
Lengthened low rates pledge added onto maturity extension program
The maturity extension program moderately flattened the yield curve and lowered key mortgage spreads since its inception, but little movement in real estate credit outstanding as a result. The Fed continues to focus on housing.
The new pledge and the continuation of the maturity extension program will further lower interest rate volatility, with uncertain effects on housing
Reenacted liquidity swap programs eased short-term interbank credit conditions and foreign capital outflows slowed as Europe deleverages
Labor markets conditions eased as unemployment dropped to 8.5%, but the FOMC remains unconvinced of the sustainability of current labor market indicators, the behavior of which may reflect factors outside of monetary policy







