FED to end QE2 in June

The Federal Reserve announced today that it is ending its $600B bond-buying program, popularly known as QE2, in June 2011.

The Fed said that even though the bond-buying program is to end in June, it's going to continue a separate support program by investing $17 billion a month to buy Treasury debt by selling its portfolio of Mortgage-Backed Securities.

As usual, these are all Fed double speak made to throw you off and not tell you exactly what's going on.

What it means basically is that they are ending the bond buying program called QE2. They will continue buying bonds but it won't be called QE3. It's the same thing, but just called differently.

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