Fed Funded

United States stocks soared after the Federal Reserve decided to buy $600 billion worth of bonds in an effort to lower interest rates and to prove that the global economy would not worsen and corporate profits would increase substantially. Many doubt this plan will work but the Federal Open Market Committee strongly believes this method known as quantitative easing will succeed like it did from December of 2008 to March of 2010. The Fed made this move due to worries over the increasing unemployment rate and it's potential to put pressure on a weak economy.