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Alex Breitinger column: Fed keeps pump primed

7:37 PM, Sep. 20, 2013
A person holds coffee beans during the exhibition 'World of coffee', on June 27, 2013, in Nice, southeastern France.
A person holds coffee beans during the exhibition 'World of coffee', on June 27, 2013, in Nice, southeastern France.
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The Federal Reserve surprised markets on Wednesday with an announcement that they were not changing anything.

The Fed reported that they will continue buying $85 billion of bonds per month in an effort to stimulate the economy by keeping interest rates low. This came as a surprise to most investors who had been expecting them to reduce the purchases by $10 billion. Instead, the "quantitative easing" program (QE3) is continuing in full swing until the Fed sees more evidence of an improving economy.

The immediate response to this news were swift rallies in gold, stocks, bonds, and foreign ...

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