Professional Traders

[Charles Living]

Will It or Won't It? Market Watches Fed for Signs of Action

Published: Monday, 30 Jul 2012
By: Patti Domm

When it comes to central bankers, the market is hoping to see doves on both sides of the Atlantic. Markets may close out the month of July on a quiet note, ahead of the Fed’s Wednesday afternoon statement and the European Central Bank’s meeting Thursday.

The Fed starts its two-day meeting Tuesday, and there is anticipation it could take action, including another round of quantitative easing. However, most Fed watchers do not expect the Fed to announce a third quantitative easing program yet, but it could lay the groundwork for easing in September. Some of the other actions it could take Wednesday include extending the time frame for extremely low interest rates to mid-2015 from 2014...