After September’s Federal Open Market Committee meeting which formally revealed “Operation Twist”, the sell-off in risk assets accelerated. This negative market reaction to a Fed easing manoeuvre is unusual and suggests investors were disappointed by the absence of further quantitative easing, or QE3.
在9月份的美联储公开市场委员会(FOMC)会议正式披露“扭转操作”之后,投资者加快了高风险资产的抛售。市场对美联储(Fed)一项放松举措的消极反应非同寻常,它表明投资者对美联储没有出台第三轮定量宽松(即QE3)感到失望。
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