Coke Market Report September

1 Financial overview

1. FED announces QE3 policy

The Federal Reserve (FED) announced the third quantitative easing policy (QE3) on Sep 13. The policy included purchasing USD40 billion of MBS per month, and FED will purchase USD85 billion of debt in the year end plus procurement of long-term treasury bonds in twist operation.Asian Metal Copyright However, FED did not announce the finished date of the policy nor specific volumes of debt procurement, but it only said it will adjust the policy according to improvement of US unemployment.Asian Metal Copyright FED will maintain the current Federal funds target rate unchanged until mid term of 2015 with reinvestment plan of matured principal.Asian Metal Copyright FED announces QE3 policy The Federal Reserve FED announced the third quantitative easing policy QE3 on Sep 13.Asian Metal Copyright However, FED did not announce the finished date of the policy nor specific volumes of debt procurement, but it only said it will adjust the policy according to improvement of US unemployment.Asian Metal Copyright However, FED did not announce the finished date of the policy nor specific volumes of debt procurement, but it only said it will adjust the policy according to improvement of US unemployment.Asian Metal Copyright The open-ended policy indicated the decision of FED to decline US employment market.
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