The US Federal Reserve has announced a plan to pump in another US$1 trillion into the US economy by buying long-term government debt for the first time since the 1960s and by expanding purchases of mortgage bonds. Oil prices have spiked past US$51 after a plan by the US Federal Reserve to buy government bonds has brought the dollar down and revived expectations of a quicker start to the recovery of the US economy.
20-Mar-09 
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