Meet the Feds

FED TO BUY ADDITIONAL $750 BLN OF MBS, $100 BLN OF GSE DEBT
FED LEAVES TARGET INTEREST-RATE RANGE UNCHANGED AT 0% TO 0.25%
FED TO PURCHASE UP TO $300 BLN OF LONGER-TERM TREASURIES
FED SAYS INFLATION MAY PERSIST BELOW `BEST' LEVEL
FED SAYS NEAR-TERM ECONOMIC OUTLOOK IS `WEAK'
FED SEES `EXCEPTIONALLY LOW' FUNDS RATE FOR `EXTENDED' PERIOD
FED TO CONTINUE MONITORING BALANCE SHEET SIZE, COMPOSITION
FED VOTE ON MONETARY POLICY IS UNANIMOUS *FED SAYS ECONOMY `CONTINUES TO CONTRACT'
FED TO BUY TOTAL OF UP TO $1.25 TRILLION OF AGENCY MBS IN 2009
FED TO BUY TOTAL OF UP TO $200 BLN OF GSE DEBT IN 2009
FED SAYS TALF TO EXPAND TO INCLUDE OTHER `FINANCIAL ASSETS'
FED SAYS INFLATION WILL REMAIN SUBDUED *FED TO USE `ALL AVAILABLE TOOLS' TO HELP ECONOMY RECOVER

Looks like rates are going lower...