From Fed to buy $300 billion in long-term Treasurys by MarketWatch...

The Federal Reserve's move, one of several actions taken Wednesday aimed at making it less expensive to borrow money, signaled it will boost the size of its balance sheet to more than $4 trillion. Today's moves double the amount of money the central bank has poured into the economy to try to stimulate economic activity.

Here's the immediate market impact...

Following the Fed decision, gold futures and U.S. stocks rallied, while the dollar plunged against other major currencies. The Dow Jones Industrial Average rose 73 points, or 1%, to 7,464.

What do we think? When will the NY condo market feel ripples from this decision?

NYC Daily Real Estate Blog