Fed will begin purchasing corporate bonds on Tuesday

The Fed will use an indexing approach when making purchases, aiming to create a portfolio that is based on a broad, diversified market index of U.S. corporate bonds.

The purchases will complement the other asset purchases made by the SMCCF, which began buying shares of broad-based exchange-traded funds in mid-May. Stock markets rose on the announcement on Monday afternoon after the news boosted investor confidence. The corporate bond purchases will be based on an index that is “made up of all the bonds in the secondary market that have been issued by U.S. companies that satisfy the facility’s minimum rating, maximum maturity, and other criteria,” the Fed said on Monday.

The Fed’s Primary Market Corporate Credit Facility, which will buy corporate bonds directly from eligible issuers, should become “operational in the near future,” the central bank said on Monday.Our Standards:

realDonaldTrump is a complete fucking failure and is trying to buy his way out with our money. I can’t wait till he is in prison.

The government continues to artificially inflate the stock market.

So... stealing more money from the taxpayers & giving it to billionaires.

Not sure what any of this means but it sounds sketchy

This is not good. This is a benefit for the rich.

'Stock markets rose on the announcement on Monday afternoon after the news boosted investor confidence.' Corporations on life support and needing direct intervention from the Fed 'boosts investor confidence'. The economy is strong! Can't make this shit up if you tried

Wake me up when they start buying equities, another -5% day should do it.

Printing funny money you mean?

Socialism

What are they doing for the taxpayers? Congress senate Fed

Wow, not even attempting to hide it anymore!

more dumb money

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