Today, CFS monetary and financial data should help the Federal Reserve and market participants refine relative costs and benefits from the present monetary policy mix.
Our study shows how the policy of purchasing Treasury and mortgage securities by the Federal Reserve or quantitative easing (QE) accentuates swings in equity markets.
Yet, recent gains in CFS Divisia M4 are consistent with improved economic growth of 2.5% to 3%.
For Monetary Notes and Views:
http://www.CenterforFinancialStability.org/amfm/Highlights_Feb13.pdf
For Monetary and Financial Data Release:
http://www.CenterforFinancialStability.org/amfm/Divisia_Feb13.pdf