Go to the Globe and Mail homepage

Jump to main navigationJump to main content

AdChoices
File photo of U.S. Federal Reserve Chairman Ben Bernanke. (JASON REED/Jason Reed/Reuters)
File photo of U.S. Federal Reserve Chairman Ben Bernanke. (JASON REED/Jason Reed/Reuters)

As the easy money ends, an uncharted road lies ahead Add to ...

For the past eight months, the world's stock and commodity markets have gone on a tear, thanks to the U.S. Federal Reserve Board.

Through its program of quantitative easing, the Fed has pumped nearly $600-billion (U.S.) of fresh cash into the U.S. financial system. As is typical when lots of extra money sloshes around markets, happy results have followed - most notably, soaring prices for nearly everything, from gold, which this week reached a record $1,500 an ounce, to stocks, which are nearing some of their highest levels since the 2008 financial panic.

 

More Related to this Story

Topics

Next Story

In the know

The Globe Recommends

loading

Most popular videos »

Highlights

More from The Globe and Mail

Most popular