Friday, 11 January 2013

U.S Money Base increases 2.75% - in just two weeks

If there was ever any doubt, QE Infinity (QE3) is for real. Since 26 December 2012, the Fed has increased the monetary base (through buying MBS and government bonds in the market) by USD 72.32 bn, from USD 2,633.1 bn to USD 2,705.4 bn according to figures today released by FRED. That's an increase of 2.75% - in just two weeks. This leaves the U.S. money base at its highest level since 7 March 2012. Expect it to grow further going forward.




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