July 30, 2012
Weak U.S. data and mounting euro-zone concerns have raised expectations that the U.S. Federal Reserve will embark on another bout of bond-buying to stimulate the economy.
But Fed watchers surveyed by Dow Jones Newswires generally feel the central bank isn’t ready to launch a third round of so-called quantitative easing, or QE3, just yet. Most say they believe such an announcement is unlikely at Wednesday’s conclusion of the Fed’s two-day policy meeting.
A key factor in that cautious assessment: Friday’s report that U.S. gross domestic product expanded at an annual rate of 1.5% in the second quarter. Although that is far from a stellar economic performance, it beat forecasts of a 1.4% gain and, for many, was strong enough to suggest the Fed’s Open Market Committee would wait rather than pull the QE3 trigger at this week’s meeting.
Get what you and your family need with today’s top-selling products now!