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Wall Street margin debt surges to record high Wall Street’s S&P 500 index reached a new record high on Thursday on the back of the decision by the Fed the previous day that its continuous boosting of financial markets, through the injection of more than $1.4 trillion a year in asset purchases, would continue for a “long time.” Trader on the floor of the New York Stock Exchange [Credit: AP Photo/Richard Drew] The commitment came despite indications of increased US economic growth and rising inflation which, in times past, would have set the stage for a tightening of monetary policy. But such is a fear that even the hint of a move in that direction will spark a collapse of the speculative financial boom that Fed chair Jerome Powell took every opportunity at his press conference to rule it out.

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