The FOMC has indicated that it will complete its purchases of $ billion of Treasury securities by the end of this month while maintaining its existing policy of reinvesting principal payments from its securities holdings. The Committee also continues to anticipate that economic conditions are likely to warrant exceptionally low levels for the federal funds rate for an extended period.
For the first time in recent decades, the emerging world is not at the epicentre of a financial crisis. However, not all developing countries are being hit in the same magnitude. Since the beginning of 2008, there is a growing differentiation of credit default swaps (CDS) premiums.