By editor
Originally published on Wed June 20, 2012 12:33 pm
Update at 12:33 p.m. ET. Fed Extends 'Operation Twist':
The Federal Reserve said it was extending its "Operation Twist" through the end of year. It will add $267 billion more to the program in which the Fed sells some of its medium-term bonds in order to buy longer-term ones. In theory, that pushes down the interest rate on longer-term loans, especially mortgages.
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