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Podcast: Enjoy punch, beware hangover

By Holden Lewis · Bankrate.com
Wednesday, September 18, 2013
Posted: 6 pm ET

Financial markets rallied on the news that the Federal Reserve will not "taper" and instead will keep buying $85 billion a month in mortgage and Treasury bonds until central bankers see more job creation.

In this conversation, Bankrate's senior financial analyst, Greg McBride, CFA, and its Washington bureau chief, Mark Hamrick, discuss the market's addiction to the Fed's quantitative easing program, likened to performance-enhancing drugs. And how long will the respite in mortgage rates last?

Bankrate Audio



Washington Bureau Chief, Bankrate.com



CFA, senior financial analyst, Bankrate.com

FED UPDATE: Enjoy the punch, but watch for the hangover

Is QE3 like performance-enhancing drugs or booze? And how long will the respite last in mortgage rates? Bankrate's experts discuss.


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