The Trader 

Market Outlook: Fed rides to the rescue, Greggs, Cineworld & more

Market Outlook: Fed rides to the rescue, Greggs, Cineworld & more

Yesterday, I noted that policymakers would be forced to chuck even more money at pandemic relief as second waves of cases and a painful and incomplete economic recovery bit. Right on cue, the Federal Reserve announced it would start buying individual corporate bonds, building on the existing purchases of ETFs. The Fed ‘will purchase corporate bonds to create a corporate bond portfolio that is based on a broad, diversified market index of U.S. corporate bonds’, the central bank said. 

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