Obama wins and that means low interest rates

07 Nov

Obama winning today means we are set for a further period of low interest rates. 

Obama backs the Fed, which has purchased $2.3 trillion of Treasuries and mortgage-related bonds and instituted plans to purchase $40 billion of home-loan securities a month. Republican challenger Mitt Romney said he wouldn’t reappoint Fed Chairman Ben S. Bernanke to a third term in 2014. The U.S. is scheduled to sell $24 billion of 10-year notes today.

With Obama winning, we can expect the Fed to carry out current monetary policy. The Fed is committed to a low interest- rate environment. If Romney had won, it would have been a game changer

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