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Re: TaxiCaT post# 4428

Wednesday, 06/01/2011 5:02:23 PM

Wednesday, June 01, 2011 5:02:23 PM

Post# of 36649
10% chance of QE3

"There’s a very low probability that the Federal Reserve will launch a third round of quantitative easing after the bond buying under QE2 ends next month, according to State Street Global Advisors. “The probability is quite low, maybe 10% or 15%, and it would have to be a function of the growth picture,” said Bill Cunningham, global head of fixed-income research at State Street Global Advisors. “Right now, the Federal Reserve would have to overcome a lot of noise and political backlash to even go down that road. It would have to be obvious” that more monetary stimulus is needed, he said at a conference in New York Wednesday. “The Fed isn’t going to do anything on QE3 or raising rates until the market says it needs it,” Cunningam said."



Source: http://blogs.marketwatch.com/thetell/2011/05/25/just-a-10-chance-of-qe3-state-street/