Just when you thought the Federal Reserve couldn’t possibly stimulate any more, it launches a new stimulus program.
On Monday, the central bank announced it would begin buying individual corporate bonds through its so-called Secondary Market Corporate Credit Facility (SMCCF).
The economic lockdowns continued and another 6.6 million Americans joined the ranks of the unemployed this week. But the stock market rallied? How can this be a thing? In this episode of the Friday Gold Wrap podcast, host Mike Maharrey explains what’s going on. And then he asks the burning question: what’s next? What is the exit strategy from all of these unprecedented government and central bank actions?